Political Quotes

Deborah Koff Ross: let me begin by saying this is not a partisan issue for me. I was one of 28 Democrats to stand with our President and…

On the recordApril 18, 2002
let me begin by saying this is not a partisan issue for me. I was one of 28 Democrats to stand with our President and vote for the largest tax cut in some 20 years. This tax cut does not sunset for 10 years. We all knew that when we voted for it and when we supported it. This is a vote that should happen, in 10 years, and it is a vote that I hope I can cast to repeal the sunset in 10 years. But not now. Not now, unless we can demonstrate without a shadow of a doubt that the money will not come from raiding the Social Security trust fund. America is in a crisis. We are setting up a train wreck for our kids and our grandkids. $5.9 trillion in debt. What does that mean to the American people? $1 billion every single day this country pays, using your tax money in interest. Not principal, but just interest on the national debt. How much is $1 billion? That is 200 brand new elementary schools every single day in America. That is new highways. That is more economic opportunities for our people. And now for next year we are proposing to deficit spend for the first time since 1997 $50 billion, all of this coming from the Social Security trust fund. We all know, everyone agrees that Social Security is broke in 2041. That is assuming that we find a way to pay back the $1 trillion that we have already borrowed from the Social Security trust fund, which we all know there is no provision on how that money gets paid back. Do not repeal the sunset now.…
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Deborah Koff Ross
Democratic · North Carolina

Editor's note · Context

Addressing concerns about the national debt and Social Security during a floor speech.

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