Political Quotes

On the recordApril 12, 1999
boy, this discussion has been heartening, because what I hear on the other side of the aisle is that they agree with the thrust of the Democratic budget resolution, which is that no net tax cuts or additional spending should be passed until we extend the solvency of social security and Medicare. That is really the only major issue on which we have disagreed. Now I hear from the other side of the aisle that we really do not disagree on that. That is what this resolution said, and simply, no tax cuts until we extend the solvency. Now, we are told by independent, objective actuaries, ones that the other side uses as well as we do, that the Republican budget resolution does not extend the solvency of social security or Medicare for even one day. That means that we will go back to the drawing board together and come up with a proposal that we both agree on that will extend the solvency. This is an intergenerational responsibility. Our parents met that responsibility. Not only did they win a war and ensure freedom for us, but they gave us the foundation of prosperity, which was fiscal responsibility. That is all we are suggesting we should do for the next generation. Let us not use up all the trust funds for our own purposes. Let us not give ourselves tax cuts that we do not necessarily need, as much as we would like them, until we make sure that the next generation is going to experience as high a standard of living as we are experiencing.
Said by
James Moran
Virginia

Editor's note · Context

Discussing the Democratic budget resolution and the importance of extending the solvency of social security and Medicare.

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