Political Quotes

Mark Neumann: You know, if the gentleman would yield back, we have been talking about these things and why we need to do these things.…

On the recordApril 8, 1997
You know, if the gentleman would yield back, we have been talking about these things and why we need to do these things. We have talked about the fact that Social Security is bringing in more money than what that is paying out to our seniors in benefits and that that extra money coming in, that $65 billion this year is supposed to be set aside in a savings account, but that actually instead of putting it aside in a savings account so it is there when the baby boom generation gets to retirements, so it is there to make good on Social Security commitments, that we are spending it in Washington in other Washington programs, and we have looked at this chart where we understand that Washington reports a deficit that is simply their overdrawn checkbook, and in fact in addition to overdrawing their checkbook they are taking that money out of Social Security trust fund. They do not even count that toward the deficit when they report the deficit to the American people, and we have talked about the fact that in the year 2002, when Washington says they are going to balance the budget, what they mean is they are going to go into the Social Security trust fund, take out $104 billion, put it in their checkbook and call their checkbook balanced. We talked about the fact that in Washington a balanced checkbook means taking $104 billion out of the Social Security trust fund. That money should not be taken folks. That money should not be spent in other Government programs.
Said by
Mark Neumann
Wisconsin

Editor's note · Context

Discussing the misuse of Social Security funds during a floor speech.

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