[Congressional Record Volume 144, Number 74 (Wednesday, June 10, 1998)]
[Extensions of Remarks]
[Page E1087]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]


  THE HONORABLE CLIFF STEARNS, M.C. HONEST BALANCED BUDGET ACT OF 1998

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                           HON. CLIFF STEARNS

                               of florida

                    in the house of representatives

                        Wednesday, June 10, 1998

  Mr. STEARNS. Mr. Speaker, I want to let my colleagues know about 
legislation I have introduced called the ``Honest Balanced Budget Act 
of 1998.'' It is identical to the bill introduced by Senator Faircloth 
earlier this year.
  The Social Security Trust Fund's surplus shouldn't be used to fund 
other programs. AND it should not be used to mask our nation's debt.
  Did you know that the Social Security Trust Fund will be running a 
$100,000,000,000 Surplus for fiscal year 1999? How is this possible 
when we keep hearing that the Trust Fund is in trouble?
  Let's restore the trust for our seniors. We must ensure that the 
purpose for which the trust fund was set up is not violated.
  No other bill does this this simply.

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