[Congressional Record Volume 144, Number 128 (Wednesday, September 23, 1998)]
[House]
[Page H8465]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




         TAX CUTS TODAY, BUT AMERICAN WORKERS WILL PAY TOMORROW

  (Mr. MENENDEZ asked and was given permission to address the House for 
1 minute and to revise and extend his remarks.)
  Mr. MENENDEZ. Mr. Speaker, all across America, parents use the tool 
of allowance to teach their children the value of money, that they have 
to pay for what they get. If they do not have the savings, they do not 
buy the goods.
  But over and over, Republicans ignore that basic lesson. They want to 
get it now and pay later. They want to get tax cuts now and pay for 
them later.
  Mr. Speaker, make no mistake. Someone is going to pay for it. Who? 
America's working families who are paying into Social Security for 
those benefits today and for their retirement tomorrow. They will pay 
for it by forking over even more in payroll taxes. They will pay for it 
by having to retire later. They will pay for it in reduced Social 
Security benefits.
  Democrats want to prevent this from happening tomorrow by being 
responsible today, and we have an opportunity to save Social Security, 
and we seek to seize it.
  Republicans want to get political credits for tax cuts today that 
America's working families will pay for tomorrow, and that, to me, is 
the very definition of irresponsible government.

                          ____________________