On the recordFebruary 28, 1994
I think it would be in the best interests of this country, and the Senate as an institution, that we adopt the Reid substitute. Why do I say that? Because it requires a balanced budget amendment by the year 2001, but it does it through realistic budgeting. That is, Social Security would be off-budget. There would be capital and operating budgets like we have in all States. But the problem I see is, as the Associated Press last week quoted the senior Senator from Idaho, he said the Republicans are going to vote against the Reid amendment. That means not only is the Simon amendment dead, but my amendment will also fail. That is too bad. My friend from Illinois, and then the Senator from Pennsylvania, said--I am paraphrasing this: We are not worried about Social Security because my friend from Illinois said the legislation to correct that is on the path. The Senator from Pennsylvania said we can correct that with legislation. We have that clearly as not being able to occur.
Source
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