1998--Sen. Kerrey talks with a College Democrat from North Carolina after
speaking to the College Democrats during their convention in Washington,
|March 6, 1998--Sen.
Kerrey, a member of the National Bipartisan Commission on the Future of
Medicare, listens to Sen. Rockefeller during the commission's first meeting
in the Longworth House Office Building. During the meeting, Kerrey outlined
some stark figures, noting for example that the ratio of discretionary
to mandatory spending in the federal budget has gone from 70:30 in 1963
to 32:68 in 1998. He spoke of turning the "entitlement society" back into
an "endowment society."
1997. Sen. Kerrey pauses after delivering the luncheon speech and taking
questions at the National Press Club. He proposed cutting the Social Security
payroll tax by two percentage points, with families to invest the difference
for their retirements. Further, Kerrey called for a $1,000 investment account
for every child born in America, and for expanded acces to the $500 per
child tax credit. The changes would give "every American a chance to own
a piece of their country," he said.