Political Quotes

Marshall Sanford: And could I add on that point? I do not know if the gentleman has looked at the analytical perspectives within this…

On the recordMarch 3, 1999
And could I add on that point? I do not know if the gentleman has looked at the analytical perspectives within this year's budget, but there are assumptions that could make those red numbers, frankly, a lot bigger. Because one of the assumptions built into the Social Security plan is that domestic discretionary, which is basically every other spending outside of Medicare and interest and Social Security, is going to go dramatically down. Right now it is about 7 percent of GDP, again, the collective activity of all working Americans, and what they assume is that it goes down to 3 percent. Now, they had to assume that, because to keep the amount of money going into Washington within historic bounds, which is about this 20 percent number, and given the fact we have 70 million baby boomers starting to retire around 2012, and we know entitlement spending is going to go up, to keep it within that realm of reasonableness, they had to shrink the other number. I think that is a crazy assumption. Because what it means is if all of a sudden Congress does not get real tough in this other area of government spending called domestic discretionary, what that means is a tax cut down the road, which goes straight back to the gentleman's grandkids.
Said by
Marshall Sanford
South Carolina

Editor's note · Context

Discussing budget assumptions related to Social Security and domestic discretionary spending.

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