Gilbert Gutknecht: “just 4 years ago when they unveiled their budget, the administration acknowledged that we would see $200 billion…”

“just 4 years ago when they unveiled their budget, the administration acknowledged that we would see $200 billion deficits well into the next century. But the new Republican Congress said that that was unacceptable. Against the shrill cries of our friends on the left, we reformed welfare, saved Medicare, eliminated over 400 Federal programs, and cut the growth in Federal spending by more than half. Today our budget is balanced and we can look forward to a decade of surpluses. We can now begin to tackle the great issue of our generation, saving Social Security, if, if only we continue to exercise the fiscal discipline begun with the balanced budget agreement. Unfortunately the President in his budget reneges on the spending caps. I am happy to report today that the congressional leaders have said that they will renew their pledge to abide by those spending caps. This means that we can secure every penny of Social Security taxes only for Social Security. It also means that American families can expect lower interest rates and a stronger economy well into the next century.”