[Congressional Record Volume 148, Number 33 (Wednesday, March 20, 2002)]
[House]
[Pages H1008-H1009]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




REPUBLICAN ``BALANCED BUDGET'' WILL RAID SOCIAL SECURITY TRUST FUND AND 
               CUT FUNDS FOR EDUCATION AND SENIOR HEALTH

  (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 to sound the alarm, particularly for 
our baby boomers. This budget breaks into the Social Security trust 
fund, breaks into the lockbox, and raids the trust fund to the tune of 
$1.6 trillion. Members remember the lockbox. It was our solemn promise 
not to touch Social Security trust fund money. Well, that has been 
obliterated.
  My friends on the Republican side of the aisle would be quick to say, 
well, you have to understand, the deficit is caused by the war. Not so. 
Only 10 percent of our deficit is caused by the war.

[[Page H1009]]

 Almost half of that deficit is caused by tax breaks for the very rich.
  What happens?
  We raid Social Security, creating an insolvency for baby boomers 
about to enter retirement age.
  We underfund education. We make a great noise about passing the Leave 
No Child Behind Act. What do we do in this budget? We underfund 
education by 16 percent. That is not right.
  We talk about prescription drugs, but this budget underfunds 
prescription drugs for seniors. This is an unfair budget. It raids the 
Social Security trust fund, and it should be rejected.

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