Political Quotes

On the recordFebruary 23, 1994
I think last year's budget deal, in which we did make a significant reduction in the deficit, has proven the theory; that is, we have seen now the lowest interest rates in 20 years, we have seen the strongest economic growth in 6 years, we have seen reduction in unemployment, we have seen record housing starts, we have seen record automobile sales. We have seen this, in part, because of what we did in getting an economic recovery underway. So I am personally persuaded that reducing deficits is in the economic interest of the country. I have concerns that I have outlined here today with respect to court involvement. I am very pleased to hear the Senator's reaction to that. I am concerned about the use of estimates. I am very concerned about that, because I have seen through the Gramm-Rudman process how that can be used to subvert what is an honest intention. There are two other areas that I would like to raise with the Senator from Illinois with respect to issues that concern me. One of those two is the matter of Social Security being included. It strikes me that Social Security, which is a separate trust fund, should not be used to balance other parts of the Federal budget.
Said by
Kent Conrad
Democratic · North Dakota

Editor's note · Context

The speaker discusses the impact of last year's budget deal on the economy and expresses concerns about Social Security in the budget.

Share

More from Kent Conrad

Apr 4, 2017

the new improvised system was not adequate.

congress.gov
Mar 3, 2021

all the talk in the world doesn't matter if you don't actually get something done in the real world.

congress.gov
Sep 6, 2016

It is really very important. You know, what so make stakeholders told us is you have got to broaden this thing out.

congress.gov
Apr 4, 2017

If you had to reduce it to a word, I would reduce it to 'globalization.'

congress.gov

Other voices in this conversation