[Congressional Record Volume 146, Number 126 (Wednesday, October 11, 2000)]
[House]
[Page H9640]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
ASKING ADMINISTRATION TO AGREE TO DEBT REDUCTION PROPOSAL
(Mr. HERGER asked and was given permission to address the House for 1
minute and to revise and extend his remarks.)
Mr. HERGER. Mr. Speaker, 29 days ago, this Congress sent President
Clinton and Vice President Al Gore a proposal to lock away 100 percent
of the Social Security and Medicare surpluses and dedicate at least 90
percent of the total budget surplus for debt reduction.
Mr. Speaker, 29 days and still no word from the Clinton-Gore
administration. There will be an estimated $268 billion surplus this
fiscal year.
Our question is simple: Should it be used to pay off our national
public debt and protect Social Security and Medicare, or should it be
spent on more government spending? Republicans are for using the
surplus to pay off the public national debt and protecting Social
Security.
Mr. Speaker, I urge the President and the Vice President Gore to join
us and put debt reduction and our seniors ahead of spending and agree
to our 90-10 debt reduction proposal.
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