On the recordApril 14, 1999
the budget resolution is about priorities. It is a broad blueprint of our spending priorities for the next year and the next 5 years. In fact, this particular resolution sets the tone for the next century. It will be the first budget blueprint for the next millennium. Our priorities are clear. First and foremost, we set aside all of the Social Security surplus for Social Security, the first time in our country's history that we will do that, making good on the commitment to take Social Security off budget. Second, we keep to the spending commitments of the 1997 Balanced Budget Act, a bipartisan agreement, to control the size and scope of the Federal Government, keeping to our commitments not just to our constituents, but to the entire country. Finally, we state that, for those surpluses above the Social Security surplus, we ought to give that money back to American workers that are working harder, longer, earning more, being more productive. That is the biggest reason we have such a high level of revenues right now. The product of that hard work ought to go back to working Americans. Those are the right priorities for this country: strengthening Social Security, keeping to our spending commitments, and lowering taxes. The President's budget, instead, would spend 38 percent of the Social Security surplus. It breaks the budget caps. It raises taxes $100 billion. That is the wrong direction, as made so clear when we voted on this floor on the President's budget.
Source
govinfo.gov




