Political Quotes

Bill Archer: Mr. Speaker, although the tax cut last year, signed by the President, proclaimed by the President required more…

On the recordSeptember 26, 1998
Mr. Speaker, although the tax cut last year, signed by the President, proclaimed by the President required more government borrowing, it did not raid or jeopardize Social Security. Today, when we have a surplus of $60 billion instead of a deficit, last year, of $21 billion, we are clearly not in any way raiding Social Security or even touching any of the dollars that go into the Social Security trust fund. That is clear. Not one penny of Social Security money is involved in this tax relief. Mr. Speaker, I am a conservative. Most people know that. I am conservative in most everything, but I am especially conservative when it comes to other people's money. I prepare my own taxes, I pay my own bills, and I have no personal debt. I believe that left to their own, without government interference, red tape and excessive taxation, there is no problem the American people cannot solve. In the last 4 years the lives of the American people have improved because we are getting government off their backs. We balanced the budget, moved people from welfare to work, protected people from the IRS, and we cut taxes. In short, we are downsizing the power of Washington and upsizing the power of individual Americans, helping them to help themselves. But we must remember that we are only the government.…
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Bill Archer
Texas

Editor's note · Context

Discussing the impact of tax cuts and government borrowing on Social Security.

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