Political Quotes

Charles W. Stenholm: I am rather happy to see that for the first time in years we have a surplus. Too many people, though, are ignoring that…

On the recordMay 21, 1998
I am rather happy to see that for the first time in years we have a surplus. Too many people, though, are ignoring that we have a surplus because of the Social Security trust fund surplus for this year. Any dollars that we spend over and above the balanced budget agreement of last year are going to eventually come from Social Security. Let no one be deceived or deceive anyone with their vote on any bill that exceeds that which we agreed to in the balanced budget agreement. It is rather alarming and disturbing that all of a sudden it seems that the majority that have spent a good part of their time criticizing OMB suddenly are willing to cherrypick a number that suits the current needs that will borrow an additional $7 billion from the Social Security trust fund to pass a highway construction bill. And I am not opposed to the highway construction bill, except that portion which busts the budget.

Editor's note · Context

Discussing the implications of budget surpluses and Social Security funding during a debate on a highway construction bill.

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