[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H. Con. Res. 302 Introduced in House (IH)]

111th CONGRESS
  2d Session
H. CON. RES. 302

Recognizing the 75th anniversary of the signing of the Social Security 
                          Act into public law.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             July 22, 2010

  Mr. Klein of Florida submitted the following concurrent resolution; 
         which was referred to the Committee on Ways and Means

_______________________________________________________________________

                         CONCURRENT RESOLUTION


 
Recognizing the 75th anniversary of the signing of the Social Security 
                          Act into public law.

Whereas, on August 14, 1935, President Franklin Delano Roosevelt signed the 
        Social Security Act into law, promising economic security for the 
        elderly, the poor, and the sick;
Whereas, upon signing the Social Security Act into law, President Roosevelt 
        declared: ``It is, in short, a law that will take care of human needs 
        and at the same time provide the United States an economic structure of 
        vastly greater soundness.'';
Whereas Social Security today is widely regarded as the most successful social 
        program ever enacted in the United States, providing working Americans 
        with a basic level of retirement security for 75 years;
Whereas Social Security also offers financial stability to millions of disabled 
        Americans, their dependents, and the dependents of deceased workers;
Whereas Social Security is an earned benefit that American workers pay into 
        throughout the lifetime of their careers;
Whereas Social Security provides a guaranteed level of financial protection for 
        Americans in retirement that cannot be assured with private pensions and 
        personal assets alone;
Whereas the privatization of the Social Security system would potentially weaken 
        this basic floor of protection by exposing seniors to added financial 
        risks in their retirement years;
Whereas Social Security benefits have remained a stable, reliable source of 
        income during the recent economic recession;
Whereas studies indicate that, without Social Security benefits, the poverty 
        rate for older Americans would jump from 10 to 48 percent;
Whereas Social Security benefits represent about 40 percent of the income of the 
        elderly;
Whereas 52 percent of the American workforce has no private pension coverage and 
        31 percent of the workforce has no savings set aside specifically for 
        retirement; and
Whereas significant cuts to the Social Security program would jeopardize the 
        retirement security of American seniors and the financial stability of 
        disabled Americans, their dependents, and the dependents of deceased 
        workers: Now, therefore, be it
    Resolved by the House of Representatives (the Senate concurring), 
That the Congress, in recognition of the long history of the Social 
Security Act in providing Americans with a valuable source of 
security--
            (1) honors the American leaders who worked in a bipartisan 
        fashion to author and pass this critical social insurance 
        program into law;
            (2) acknowledges the importance of Social Security to our 
        society as a reliable, stable source of income for retired 
        seniors, disabled workers, and the dependents of deceased 
        workers; and
            (3) commits itself to preserving the fundamental right to 
        Social Security benefits in retirement for future generations 
        of Americans.
                                 <all>