[Congressional Record Volume 140, Number 44 (Wednesday, April 20, 1994)]
[House]
[Page H]
From the Congressional Record Online through the Government Printing Office [www.gpo.gov]


[Congressional Record: April 20, 1994]
From the Congressional Record Online via GPO Access [wais.access.gpo.gov]

 
                   SEEKING SOCIAL SECURITY SOLVENCY?

  (Mr. BOEHNER asked and was given permission to address the House for 
1 minute.)
  Mr. BOEHNER. Mr. Speaker and my colleagues, this morning the 
Washington Post contained an article about the Social Security 
Administration running out of money in the year 2029. Yesterday the 
chairman of the Committee on Ways and Means, the gentleman from 
Illinois [Mr. Rostenkowski] introduced a bill that would do five 
things. It would, when implemented, give less benefits to those in the 
out years, it would speed up the scheduled change in the normal 
retirement age from 65 to 67, it would reduce the annual cost-of-living 
adjustment, it would increase the amount of Social Security income that 
becomes taxable, and, finally, it would increase the Social Security 
retirement tax on workers.
  All of this, as Mr. Rostenkowski says, and I quote, ``to reassure the 
young wage earners in America.''
  Now let me go this straight: We are going to reassure young wage 
earners in America by reducing Social Security benefits, by increasing 
the retirement age, by increasing social security taxes?
  That does not sound very reassuring to me. It sounds, in fact, that 
it is the same Democratic prescription we have for health care: Pay 
more, get less.

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