Political Quotes

Mark Neumann: “I have added a line in this chart, a black line. And what that does is wall off this Social Security money and forces it…”

On the recordSeptember 10, 1998
I have added a line in this chart, a black line. And what that does is wall off this Social Security money and forces it to go into Social Security instead of into the general fund. So, now, let us talk through these surpluses one more time that everybody keeps hearing about in America today. Part of those surpluses is this Social Security surplus, but there is another fund, it is called the general fund. Think about it again as the big government checkbook. This general fund is now going into surplus as well. So when we get done writing checks at the end of the year, if we have money left over in that general fund, we need to start asking the question what gets done with that portion of the surplus. First, the Social Security surplus actually goes into Social Security. That should not be touched.
Said by
Mark Neumann
Wisconsin
Source
govinfo.gov

Editor's note · Context

Discussing the allocation of Social Security surpluses during a floor speech.

Share

Share on XShare on FacebookEmail this quote

More from Mark Neumann

Oct 20, 1998

11 years ago in 1987, a Democrat Congress sent President Reagan a massive omnibus bill. It weighed about 24 pounds, had about 2100 pages. And in his State of the Union address the next year, President Reagan took that bill, slammed it on…

govinfo.gov
Jun 23, 1998

Let me put this in very real terms. That family of 5 I am talking about, they are a $50,000 a year kind of family. When Christmas comes they want to buy presents for their kids, but they are living paycheck to paycheck as they go along…

govinfo.gov
Sep 10, 1998

the laws changed in 1983. In 1983 they increased the amount of money that was withheld from workers' paychecks because they knew the baby-boom generation was going to get to retirement. And the idea was, by increasing the amount withheld…

govinfo.gov
Sep 16, 1998

That amendment that I brought to the floor to end the cow gas study was very quickly accepted down here. Some of our colleagues may not even be aware that we were spending lots of money, the taxpayers' money to study cow gas out here…

govinfo.gov
View all Mark Neumann quotes

Other voices in this conversation