Bill Archer: “The gentleman clearly knows that whatever budget resolution we adopt will have plenty of room for this modest tax cut.…”

“The gentleman clearly knows that whatever budget resolution we adopt will have plenty of room for this modest tax cut. The gentleman fully knows that it will not interfere with Medicare, that it will not interfere with Social Security, that it will not interfere with paying down the debt. The only way that it could would be if he and his colleagues want to increase spending $170 billion above current level, which is in the President's budget. The President spent $4.3 billion a minute for every minute in his State of the Union address for new spending. But any budget that we adopt will include plenty of room for this. Now, as far as Social Security is concerned, the gentleman is genuine about Social Security; I am genuine about Social Security. I have laid forth a plan called the Archer-Shaw plan that would save Social Security for all time, not just for 50 years, that would get better and better and better at the end of the next century and the century beyond, and it can be done for $1.3 trillion of the surplus out of a $3 trillion projected surplus. There is plenty of room.”