[Congressional Record Volume 145, Number 137 (Tuesday, October 12, 1999)]
[House]
[Page H9827]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




 REPUBLICANS STOP 30-YEAR RAID ON SOCIAL SECURITY--NO TURNING BACK NOW

  (Mr. ARMEY asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. ARMEY. Mr. Speaker, every now and then we get to witness history. 
We all watched in awe as Mark McGwire and Sammy Sosa shattered the 
homerun record. We all watched with triumph as the Berlin Wall came 
down. And, Mr. Speaker, we all watched with splendid anticipation as Al 
Gore was inventing the Internet.
  Well, Mr. Speaker, history has been made again today. This morning 
the Congressional Budget Office reported that because Republicans have 
held the line on spending in fiscal year 1999, there was $1 billion of 
on-budget surplus.
  That is right. In fiscal year 1999, Republicans stopped the 30-year 
raid on Social Security. In fiscal year 1999, Republicans stopped 
President Clinton from spending Social Security and put the needs of 
seniors ahead of the needs of bureaucrats. Mr. Speaker, that means that 
$126 billion in debt reduction has taken place in fiscal year 1999.
  Mr. Speaker, we did not spend one penny of Social Security in 1999. 
We stopped the raid. Mr. Speaker, there is no turning back now.

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