[Congressional Record Volume 148, Number 27 (Tuesday, March 12, 2002)]
[House]
[Page H792]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
SAVE SOCIAL SECURITY FIRST
(Mr. WYNN asked and was given permission to address the House for 1
minute and to revise and extend his remarks.)
Mr. WYNN. Mr. Speaker, I rise this afternoon to lament the late great
lockbox. You remember the lockbox. That was our promise not to spend
Social Security trust funds on anything other than preserving the
solvency of Social Security. Well, this administration's budget breaks
into the lockbox. It obliterates the lockbox.
The Congressional Budget Office reports that the Republican budget
spends $179 billion from the Social Security trust fund on other
programs. You will hear quickly that this is because of the war. That
is not true. The deficit that is forcing us to break into the Social
Security trust fund, 43 percent of it is due to tax cuts, tax cuts for
the very wealthy, tax cuts for corporations like Enron who stand to
gain $254 million in tax breaks. I think that is wrong.
When we had a surplus a year ago and when we did not have a war, tax
cuts made sense. But now today, facing a war, facing a deficit, we
cannot afford these tax cuts. It breaks a promise that we made to the
working families of America, and I believe it is just plain wrong.
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