Vito Fossella: “the Budget Resolution is an opportunity for our nation to finally put the Social Security surplus in a lock box solely…”

“the Budget Resolution is an opportunity for our nation to finally put the Social Security surplus in a lock box solely for seniors on Social Security and Medicare. The budget resolution also reflects our commitment to education, a strong national defense and much-needed tax relief. Congress promised to balance the budget, reduce the size of government, and reduce the federal debt. This budget resolution, H. Con. Res. 68, sticks to that promise by restraining government spending and paying down the debt. Every penny in the Social Security trust fund, 100% of it, is being set aside for retiring Americans. The President's budget, on the other hand only sets aside 62% of the surplus for seniors. Only by committing 100% of the surplus can we truly strengthen Social Security for future generations. The budget will also give our children's schools the resources to ensure them a better education and bright future. We increase spending to improve public schools. It will also provide billions to strengthen our national defense, equipping and training our troops for combat while honoring our veterans' sacrifices with a boost in health care funding. Finally, this budget gives the record-setting money coming into Washington back to those who earned it--the taxpayers. For the first time in decades, we have surpluses as far as the eye can see. Every hard-working American created the current surplus and the budget gives it back to them over the next ten years.”