[Congressional Bills 104th Congress]
[From the U.S. Government Publishing Office]
[S. Res. 165 Agreed to Senate (ATS)]

  1st Session
S. RES. 165

      Commending the 60th anniversary of the Social Security Act.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

               August 11 (legislative day, July 10), 1995

  Mr. Packwood (for himself and Mr. Moynihan) submitted the following 
             resolution; which was considered and agreed to

_______________________________________________________________________

                               RESOLUTION


 
      Commending the 60th anniversary of the Social Security Act.
Whereas on August 14, 1935, President Franklin D. Roosevelt signed the Social 
        Security Act, which represents one of the most significant legislative 
        achievements of the 20th century;
Whereas the Social Security Act represents a national commitment between the 
        American Government and the people;
Whereas Social Security is one of our Nation's most popular and effective 
        programs with a 60-year track record;
Whereas 141,000,000 persons, along with their employers, pay into the Social 
        Security system;
Whereas Social Security is an earned benefit for workers and their families when 
        a wage earner retires, becomes disabled, or dies;
Whereas over 44,000,000 persons, including 3,000,000 children, receive Social 
        Security benefits that are automatically adjusted for inflation;
Whereas over 95 percent of those age 65 and over are eligible for Social 
        Security benefits, 4 out of 5 workers have worked long enough so that 
        they could get Social Security benefits if they become severely 
        disabled, and 98 percent of today's children would receive a monthly 
        Social Security benefit if a working parent died;
Whereas Social Security benefits provide a financial base for retirement, to be 
        supplemented by private savings and pensions;
Whereas Social Security is the Nation's most successful antipoverty program, 
        saving 15,000,000 people from poverty;
Whereas Social Security is viewed by the public as one of the most important 
        Government programs and as a pillar of economic security;
Whereas Social Security benefits help to maintain the independence and dignity 
        of all who receive such benefits;
Whereas the American public has rejected cutting Social Security to reduce the 
        deficit;
Whereas Social Security is a self-financed program that in 1994 had over 
        $436,000,000,000 in reserves;
Whereas reforms of Social Security benefits historically have been made only to 
        strengthen the program's long-term integrity and solvency; and
Whereas Congress recently enacted legislation establishing the Social Security 
        Administration as an independent agency so as to strengthen its ability 
        to better serve beneficiaries: Now, therefore, be it
    Resolved, That the Social Security Act is hereby commended on its 
60th anniversary.
                                 <all>