Harold Volkmer: “Surely, in just a moment. Now, this is just another way by the back door. Where did this idea come from? This idea came…”

“Surely, in just a moment. Now, this is just another way by the back door. Where did this idea come from? This idea came from a guy named Greenspan, yes, Chairman Greenspan. He is the one giving the idea. It would save about $200 billion over about 5 years. Now, that is about the amount that you need for the tax cuts for the wealthy. So we are going to take away Social Security from the recipients, we are going to cut them, we are going to make people who make $25,000, $30,000, who have got two or three kids, pay more taxes. Then for people who make over $200,000, we are going to give them a tax break. Hey, folks, no way do I think that is very fair. That does not sound like a very good Contract With America to me. Now I will read along that line--and I have one more thing to comment on. I am reading now from an article in just yesterday's USA today. House Republicans are considering a plan to pay for $200 billion in tax cuts by taking the biggest amount of cash from programs for the poor and elderly, like Medicare. The document being circulated quietly among Republicans--is only one of several options. But it indicates the areas the GOP have targeted to pay for tax cuts promised in the GOP Contract with America: $125 billion would come from programs known as entitlements--Medicare, Medicaid, welfare, food stamps and student loans. $75 billion would come from programs requiring annual appropriations, such as defense, education, housing and transportation.…”