Political Quotes

On the recordSeptember 26, 1998
the critical vote on this issue occurred yesterday with the rule, because what we did was to vote to break our own budget rules. It is those budget rules that enabled us to achieve a balanced budget, to turn a projected $300 billion deficit into a balanced budget. We did that because we did not want to be controlled by those rules as responsible as they are. We said that we are not going to pay for this tax cut by reducing spending or by taking it out of the general fund, we are going to take it from the Social Security trust fund. But by breaking those rules, we have also broken intergenerational legacy, where every generation of Americans has inherited a better standard of living from their parents than the prior generation. Yet we are going to pass on to our children's generation $5.5 trillion of debt and an insurmountable Social Security burden, a generational deficit. When I was born, there were 20 workers for every retiree. When I die there will be two. That is not fair. Let us not be so selfish.
Said by
James Moran
Virginia

Editor's note · Context

Discussing the implications of breaking budget rules and its impact on future generations.

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