Political Quotes

Charles W. Stenholm: I am holding up 10 one-dollar bills. But as you can see, there are none there. Because we do not have a surplus to…

On the recordSeptember 25, 1998
I am holding up 10 one-dollar bills. But as you can see, there are none there. Because we do not have a surplus to distribute as yet from anywhere. All of what we are talking about today is projected. Projected. Let me remind all of us now the facts, because my colleague from Texas is a little sensitive about raiding, and I will not use that, because I agree with him, to a point. But when you have a projected surplus of $520 billion over the next five years, of which $657 billion of the $520 are Social Security trust funds, what else can you define the utilization of those funds other than misuse of Social Security trust fund? Now, my colleague from Louisiana, I happen to agree with the tone of his comments a moment ago, because I do agree. I have been working with a lot of folks on his side of the aisle on the long term of Social Security. That is why I stand here today absolutely supporting the Rangel substitute and absolutely supporting not supporting the tax cut.

Editor's note · Context

Discussing the projected surplus and Social Security funding during a floor debate.

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More from Charles W. Stenholm

Jun 24, 2004

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Oct 4, 2004

That is the crisis. Now, we hear folks saying, well, Charlie, this deficit is not the largest in the history of our country as a percent of GDP, and I concede that point readily, because that is a fact, if we will also use the same GDP…

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