Chuck Grassley

United States Senator from Iowa





President's Budget Proposal

Feb 02, 1998

President's Budget Proposal

Sen. Chuck Grassley issued the following statement in response to the budget proposed today by President Bill Clinton for fiscal year 1999. Grassley is the second most senior member of the Senate Budget Committee and Chairman of the Senate Special Committee on Aging, where he has been an outspoken advocate for addressing the long-term financial challenges facing Social Security and Medicare.

"The best thing that Congress and the President could do for American families today and in the future is to take a long-term view of the budget. That means preparing for the tremendous budget pressures we will face when the baby boomers begin to retire. And that means paying down the federal debt.

"Rolling back the $5.6 trillion federal debt would set off a chain reaction of good news, especially when it comes to making sure Social Security and Medicare are viable for the millions of Americans who will depend on the programs in the very near future.

"I intend to stand firm against attempts to spend the projected surplus. After three decades of out-of-control spending in Washington, we are finally on the right track. It will take a lot of fiscal discipline to make sure we stay on that track and roll back the legacy of debt.

"In sharp contrast, the budget proposed by the President today is disappointing because it is filled with $150 billion in new tax and spend policy. Tax and spend was the hallmark of the era of big government. And it is the flip side of the smart strategy we must embrace to ensure that our children and grandchildren have a shot at the American dream."