[Congressional Record Volume 145, Number 148 (Wednesday, October 27, 1999)]
[House]
[Page H10868]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




       REPUBLICANS WANT 100 PERCENT OF SOCIAL SECURITY LOCKED UP

  (Mr. CUNNINGHAM asked and was given permission to address the House 
for 1 minute and to revise and extend his remarks.)
  Mr. CUNNINGHAM. Mr. Speaker, many of my friends on the other side of 
the aisle claim Republicans are spending Social Security money. They 
support the President's plan, where the President said he wanted 100 
percent in Social Security, then 3 weeks later he came back and said, 
well, 60 percent in Social Security, 15 percent in Medicare.
  What he does is take $466 billion out of Social Security and puts it 
up here for new spending. He will not identify cuts. New spending. Then 
he took $19 billion and put it up here for new spending.
  We are saying no, put the 100 percent in Social Security, lock it up, 
let it accrue interest. We will not only save Social Security and 
Medicare forever, but that accrued interest also pays down the national 
debt, in which we pay nearly a billion dollars a day.
  I would ask of believability, fiscal conservative or liberal 
Democrat, being fiscally conservative is an oxymoron.

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