Political Quotes

On the recordMarch 4, 1998
it is interesting. I wanted to share my perspective of the President's message that we heard here in this hall a few weeks ago. It was a pretty smooth message. But in the first two paragraphs, he talked about Social Security first. That is pretty basic. That has been applauded throughout the country. But when he went on in the hour-long speech, he spent the money that could have put Social Security first. I guess it is pretty basic fundamentals. My colleagues have already chatted about it a bit. But we are balancing the budget by borrowing $100 billion in his proposed budget from Social Security. And when we add up all of the trust funds, we really will increase the debt if we pass the President's budget by about $140 billion to $150 billion. That is increasing the debt. We may not be spending more general fund revenues than we are taking in, but we are spending more money than we are taking in. To me that is basically fundamental. So I think the President in his smooth talk, as I call it, talked about Social Security first and then put it last.
Said by
John W. Peterson
Pennsylvania

Editor's note · Context

Discussing the President's budget proposal and its implications for Social Security.

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