Political Quotes

On the recordApril 22, 1999
No. If you paid the Social Security portion of the debt, you are really taking money out of the bank and putting it right back into the piggy bank. It has to be reloaned. There is no other alternative. Until there is reform on it, there is no other alternative except to loan it out. When it gets loaned out, we spend every penny. We are not supposed to spend the Social Security money. We are not supposed to be robbing the piggy bank. But that is what happens. That piggy bank, that trust fund, is IOUs. It is money lent to the Federal Government again, and spent again.
Said by
Mike Enzi
Republican · Wyoming
Source
govinfo.gov

Editor's note · Context

Discussing the implications of Social Security funding and government borrowing.

Share

Share on XShare on FacebookEmail this quote

More from Mike Enzi

Dec 7, 2020

I ask unanimous consent to start the vote now. The PRESIDING OFFICER. Without objection, it is so ordered.

govinfo.gov
Dec 19, 2019

Reserving the right to object. Does that mean I won't get to give the comments before we vote? There has to be some comments about the point of order. Looking at the clock, the number of people waiting, it looks like I am being cut of that…

govinfo.gov
May 4, 2020

section 251 of the Balanced Budget and Emergency Deficit Control Act of 1985, BBEDCA, establishes statutory limits on discretionary spending and allows for various adjustments to those limits. In addition, sections 302 and 314(a) of the…

govinfo.gov
Jan 14, 2020

I thank the Senator. I got to meet this delightful lady in Thermopolis, WY, some 70 years ago. I need to tell you a little bit about Thermopolis, WY, and how I wound up there. During the war, my dad was a welder on ships, and after the…

govinfo.gov
View all Mike Enzi quotes

Other voices in this conversation