we did get good news yesterday, and that good news was that for the first time in 30 years, the Federal Government is about to pay its bills. For the first time in 30 years, we are about to run a surplus, not a deficit. But we also need to remember that we run two sets of books here in Washington. One is the external set of books, the books that reflect the money that comes in and the money that goes out into all funds, and the second set of books reflects what we are doing to continue to borrow from the Social Security Trust Fund and from the Highway Trust Fund. Mr. Speaker, we need to not only balance the budget on that one set of books, but we need to balance the budget on the second set of books as well. Do not continue to increase the debt; do not spend this new money, this external surplus, on new programs; stop borrowing from the Social Security Trust Fund and stop borrowing from the Highway Trust Fund. Pay all the bills and be truthful with the American people, and treat the trust funds like they are truly trust funds.
Roy Blunt: “we did get good news yesterday, and that good news was that for the first time in 30 years, the Federal Government is…”
On the recordMarch 4, 1998
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govinfo.govEditor's note · Context
Discussing the federal budget surplus and the importance of fiscal responsibility.
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