Tax
Wizard
Spring 1999
This
months article is from the web site of
House
Speaker D. Hastert (www.speaker.gov)
Speaker
Hastert's Statement on Locking Away More
Money for Social Security and Medicare than the President
March
3, 1999
House
Speaker J. Dennis Hastert today released the following statement
on the accomplishments of the Republican Congress, specifically
the fact that the Republican budget locks away more money for
Social Security and Medicare than the President's budget does.
Both
the Senate and the House have passed resolutions supporting
our troops as they embark on this dangerous mission. No one
should doubt the resolve of the American people throughout this
crisis.
"As
we express concern for our troops, we also want you to know
we are working hard to secure America's future. I want to say
a few brief words about our budget proposals in the House and
Senate. "We're proud our budget
locks away more money for both Social Security and
Medicare than the President does – nearly $200 billion more
over five years. By locking away 100% of the Retirement Surplus
to strengthen both Social Security and Medicare,
we will provide a more secure retirement future for today's
senior citizens, tomorrow's baby boomers, and future generations.
"We're equally proud of the fact that the nation's largest senior
citizen organization, AARP, has come out with a supportive letter
on our budget. "We all realize that by locking away more money
for Social Security and Medicare than the President,
we'll be better able to:
-
Strengthen
Retirement Security for today and tomorrow;
-
Pay
Down the Debt so our kids aren't stuck with our tab; and,
-
Keep
the Budget Balanced by holding the line on wasteful Washington
spending."
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