Political Quotes

Kent Conrad: That raises a whole series of questions, and that is another thing I wanted to ask the Senator about. If it is set…

On the recordMarch 21, 2007
That raises a whole series of questions, and that is another thing I wanted to ask the Senator about. If it is set aside, if it is not used to pay down the debt, how would those funds be invested under the amendment from the Senator? My amendment doesn't specify. Congress would have to determine that. As the Senator knows, as part of the budget process, this does not affect it happening. We would still have to perform the act of taking the money off the table. I think, again, as a majority Senator, you would have a greater determination of how that money is saved. There is no intent in my amendment to direct how it is saved. It could be T bills or something within the Federal Government. But the hope is we will put it in some type of holding or savings that is not part of the general fund anymore. It is not spent.
Said by
Kent Conrad
Democratic · North Dakota

Editor's note · Context

Discussing the investment of funds set aside under a proposed amendment.

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