Political Quotes

Mark Neumann: “if we look at what is happening in America today and we look at the revenue growth rate and the spending growth rate…”

On the recordApril 21, 1998
if we look at what is happening in America today and we look at the revenue growth rate and the spending growth rate, and to most American citizens they do not want to know about all that stuff, that is our job to know that stuff, but when we look at what is actually happening out there today, the surpluses, by the old definition, will exceed the amount of money that is necessary to be put aside for Social Security in the near term. Let me make this very, very clear. Even setting Social Security money aside, we will be running surpluses by the year 2000, 2001 as large as $250 billion. Take out the Social Security money and we still have got a $150 billion surplus by the year 2001 or thereabouts. And I think it is very important that the American people engage in this debate right now as to what they would like to see done with this surplus.
Said by
Mark Neumann
Wisconsin
Source
govinfo.gov

Editor's note · Context

Discussing projected budget surpluses and their implications for Social Security funding.

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