we have been hearing about the Social Security surplus, and I hate for the debate to really revolve around the Social Security surplus. The Senator from New Mexico, Mr. Domenici, did come up with a marvelous plan last year--the lockbox for Social Security--which has been adopted as one of our budget principles now; we lock up the Social Security surplus. I can't give enough credit to him for his effort, along with those of us who joined him to make that preservation of Social Security. It is extremely important. That continues under this bill. The focus of the bill should be a plan to pay down the rest of the national debt over a specified period of time, just as you do a house payment. Why is this important? Every family in America will understand why that is important. I hear some words around here occasionally that if you have extra money after you do these other things, then you understand you are supposed to pay down your debt. No, that is not how it works, and the American people understand that. If you have a debt, you have a payment you have to make, and you allocate that payment before you do anything else. That is what we are talking about here--responsibility, just as you have in a family, for paying down the national debt. It would come first. It would have to be the first thing we did.
Mike Enzi: “we have been hearing about the Social Security surplus, and I hate for the debate to really revolve around the Social…”
Editor's note · Context
Discussing the importance of addressing the national debt and Social Security surplus.
Share
More from Mike Enzi
I rise today to acknowledge the retirement of my friend, Dr. Jim Naramore. Dr. Naramore is retiring after 40 years of service practicing family medicine in Gillette, WY. He has been an outstanding doctor to many patients in Gillette…
the Bipartisan Budget Act of 20l9, P.L. 116- 37, included an instruction to the chairman of the Senate Committee on the Budget to file allocations, aggregates, and budgetary levels in the Senate between April 15, 2020, and May 15, 2020…
I rise to speak on the Great American Outdoors Act and on the fact that this legislation will add over $17 billion to our deficit over the next 10 years. When I first rose to speak on this bill and on my amendment to it, I closed by saying…
I rise to introduce the Chief Financial Officer Vision Act of 2020, shortened to be the CFO Vision Act of 2020. I am pleased to have Senators Warner, Grassley, Johnson, Lankford, and Perdue join me as cosponsors of this bill to strengthen…





