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You are here: Home / Politics / Govt / Grassley not worried about dipping into Social Security fund

Grassley not worried about dipping into Social Security fund

August 28, 2001 By admin

Senator Charles Grassley defends the idea of dipping into the Social Security surplus as federal budget expectations fall. A new report out today shows there is not a surplus, but a nine billion dollar federal budget deficit. Grassley approves of tapping the Social Security surplus.Grassley says the federal government will make the second-largest-ever dent in the national debt.Democrats are calling on President Bush to submit a new budget sketch to Congress to account for the dip in available money, but Grassley, a republican, says that’s not necessary.Grassley says if democrats had had their way, the tax rebate checks would have never been issued — and the level of government spending would be have been a half-trillion dollars higher.

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Filed Under: Politics / Govt Tagged With: Chuck Grassley

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