It is a fact that we have paid down over $140 billion of this debt. It is a fact that the budgeteers not here in Congress, but down at the other end of Pennsylvania Avenue at the White House who assessed what has transpired here with our budget, say that in 1999, for the first time since 1960, the United States Government offered a budget surplus over and above those funds of the Social Security Trust Fund. I would remind my colleagues that it was the efforts of this majority to lock away 100 percent of the Social Security surplus for Social Security in stark contrast to previous majorities in earlier years where that Social Security money was spent just as fast as it could be printed.
NAN A. S. HAYWORTH: “It is a fact that we have paid down over $140 billion of this debt. It is a fact that the budgeteers not here in…”
Editor's note · Context
Discussing budget surpluses and Social Security during a House floor debate.
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