for over 30 years Washington big spenders have been raiding the Social Security trust funds to feed the greed for a bigger, more bloated government. Mr. Speaker, now is the time to ``Stop the Raid.'' This Republican Congress has committed itself to protecting every dime of Social Security. Unfortunately, Mr. Speaker, the President wants to spend the Social Security surplus. According to his most recent budget, he wants $1 trillion in new government spending in the next 10 years. He can only do that, Mr. Speaker, by spending from the Social Security surplus. In fact, according to the Congressional Budget Office, his budget would spend $57 billion of the Social Security surplus next year alone. Mr. Speaker, we will seize this historic opportunity and we will, for the first time in over 30 years, restore the integrity of the Social Security trust fund and honor our children as they pay those taxes for grandma and grandpa's retirement and stop the raid on Social Security.
Richard K. Armey: “for over 30 years Washington big spenders have been raiding the Social Security trust funds to feed the greed for a…”
Editor's note · Context
Addressing the protection of Social Security funds during a budget debate.
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