Political Quotes

On the recordMarch 20, 2002
all of us have to vote against this rule, because all of us have voted to do so. Unless you were just elected in the past year, every single one of us have voted to protect Social Security and Medicare if at all possible. I offered the most reasonable amendment you could imagine, a trigger amendment. All it said was that we will give you a pass this year but beginning next year, if the Congressional Budget Office tells us that we are operating at a deficit, that we will have to dip into Social Security trust funds, then the Budget Committee has to produce a path, a budget plan over 5 years to bring us back into balance without using Social Security. That is all it does. If you vote against the rule, you are saying that you are letting off the Budget Committee from coming up with a 5-year plan that is not based upon raiding Social Security trust funds. And this budget does do that. There is a $224 billion deficit in this year's budget that is paid for by Social Security Trust Funds. Over the next 5 years, $830 billion comes out of the Social Security trust funds. Over the next 10 years, $1.6 trillion is going to come from Social Security trust funds. All we are saying is that as of next year, if you find that we are still operating at a deficit, give us a plan, a 5-year plan that will enable us to be good to our word, because five times we have voted for the lock box. Five times.…
Said by
James Moran
Virginia

Editor's note · Context

Addressing concerns about the budget and its impact on Social Security and Medicare.

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