On the recordMay 20, 2002
The Senator from California understands that last year at this time we had a $4.7 trillion surplus projected over the next 10 years. Today, 1 year later, we are spending Social Security money surpluses, Medicare money. The surplus is gone. Sure, 20 to 25 percent of that is due to the war. We recognize that. The other 75 percent is because of economic policies of this administration. Remember, we had surpluses the last 3 years of the Clinton administration. We were spending in the black, not in the red. We were making money. We were doing fine. We were starting to pay down the $5 trillion debt. It is going to go up now. So the Senator is right. We have to focus on issues that are important. The people of Nevada are very concerned about prescription drug benefits. The average senior citizen fills 18 prescriptions a year. And with managed care kind of going out of style, these people are suffering a lot. So I say to my friend, the Senator from California, thank you very much for not forgetting why you came here.
Source
govinfo.gov




