Political Quotes

On the recordJune 20, 2013
I think the Senator was very wise in raising the question of the budget score. Our colleagues have been blithely asserting that this bill is going to pay for itself. The CBO produced a report. They have cited that report that says it will pay for itself. That is not exactly what the report says, it seems to me. This is the line in the report the CBO prepared: Net increases or decreases in the deficit resulting from changes in direct spending and revenue from the bill. How will it impact increasing the deficit or not? The on-budget deficit, even before the 20,000 new agents, adds billions of dollars in costs. Netted out, it would add $14 billion to the on-budget debt. That is negative. It makes more debt. Then there is the other one, the off-budget. What is the off-budget? The off-budget is Social Security and Medicare. This is the trust fund money that comes out of your payroll taxes. People pay payroll taxes. The average age of the legalized group is about 35, so most of them aren't going to be drawing Social Security right away. They pay into this and the government gets some extra money. They are counting that money as the money to show the bill is paid for. Let me ask the Senator one simple thing. If the individuals who are now given legal status are immediately given a Social Security number, immediately eligible to compete for any job in America, isn't the money they will be paying for Social Security and Medicare going to be used by them when they start drawing it?…
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Pete Sessions
Republican · Texas

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