NAN A. S. HAYWORTH: “Because, Mr. Speaker, last Saturday in this Chamber the majority passed a plan that said, quite simply, it is important…”

“Because, Mr. Speaker, last Saturday in this Chamber the majority passed a plan that said, quite simply, it is important that this Congress sets aside $1,400,000,000,000 to save Social Security. Now, it has been interesting to hear some of the debate that was bandied back and forth; to hear some of the commentators and pundits, but this historical fact is beyond dispute: Never before, Mr. Speaker, in the history of this assembly, did anyone step forward to set aside funds to save Social Security. Oh, there were efforts to raise payroll taxes, and always it seemed the temptation of raising taxes was something to which previous majorities succumbed. But what this common sense conservative majority did in this Chamber last Saturday provides a common sense plan not only for Social Security but also for tax relief to the American people. Those of us in our common sense conservative majority call it the 90-10 plan, setting aside 90 percent of the projected surplus, again, $1,400,000,000,000 for Social Security, and using a very modest amount, comparatively, for tax relief for the American people.”