Whether we call it balanced or unbalanced in the year 2002, whether under the Republican plan or President Clinton's plan or Chafee-Breaux, Social Security moneys will be in exactly the same place. That is what I am saying. It will be in the form of Treasury bills or notes backed by the full faith and credit of the United States. So if you want me to say it will be balanced, fine. If you want me to say it will be unbalanced, fine. But the issue is, this will go on like ``Old Man River,'' and all America ought to know that.
Alan Simpson: “Whether we call it balanced or unbalanced in the year 2002, whether under the Republican plan or President Clinton's…”
Editor's note · Context
Discussing the future of Social Security funding during a floor debate.
Share
More from Alan Simpson
I understand the frustration that the gentlewoman expresses in her statement, but I must rise in opposition to this amendment. The Bureau of Land Management's funding level is already $255.4 million, or 18 percent below the FY23 enacted…
Having been a former chairman of this committee, and either ranking member or chairman for the last 9 years, I guess, when I left, people asked me repeatedly, ``What kind of chairman will Mr. Fleischmann be of this committee?'' whether it…
The Bureau of Ocean Energy Management manages the development of energy and mineral resources of the Outer Continental Shelf along our Nation's coastlines. I understand the intent of the gentleman's amendment is to eliminate the Office of…
First, let me say that I am not totally opposed to what the gentleman is trying to do. I think these air tours are important, but I think it is wrong to say they can't place any limitations on them. The gentleman raises the point that they…





