What I want to do, Mr. Speaker, is kind of set the record straight. There have been a couple of comments made by the other side, the gentleman from Illinois, that said somehow what we are doing today is going to cost $4 trillion. Let me just advise the Members of the House there is actually no budget number from the Congressional Budget Office or the Joint Tax Committee or any official scorekeeper that says any such thing. Secondly, the other side says we are taking this money out of Social Security. That also is not true. We are talking about budget implications in the fiscal years 2011 and 2012 when we are going to be running surpluses. The numbers, Mr. Speaker, are that over the next 10 years, permanence would cost $374 billion. At the same time, we are projected to have a surplus of $2.3 trillion.
Kenny Hulshof: “What I want to do, Mr. Speaker, is kind of set the record straight. There have been a couple of comments made by the…”
Editor's note · Context
Addressing claims about budget costs and Social Security during a House floor debate.
Share
More from Kenny Hulshof
The amount that H.R. 5203 would add to the budget deficit this year: zero. The amount that H.R. 5203 would add to the budget deficit of next year: zero. The amount that H.R. 5203 would add to the budget deficit in the next 6, 7 years…
I rise and ask my colleagues in the House to support this resolution. In addition to the kind words that already have been mentioned, FarmHouse had a unique, but a humble, beginning in my home town of Columbia, Missouri. Like many social…
Under existing law that the President signed last June, here is who can contribute into a Coverdell education account. By the way, this is mirrored on the premise of the Roth IRA; that is, that one contributes monies into a savings account…
I again believe that a compromise is, in fact, achievable. Just a couple of points... I would take issue with the gentleman's comment that Congress has not been doing its work as far as working families with those prior examples and again…





