[Congressional Record Volume 140, Number 45 (Thursday, April 21, 1994)]
[House]
[Page H]
From the Congressional Record Online through the Government Printing Office [www.gpo.gov]


[Congressional Record: April 21, 1994]
From the Congressional Record Online via GPO Access [wais.access.gpo.gov]

 
       THE CHALLENGE OF THE MOUNTING SOCIAL SECURITY INDEBTEDNESS

  (Mr. PICKLE asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. PICKLE. Mr. Speaker, last week the Social Security trustees 
issued a report showing that our long-term deficit in the Social 
Security Program will increase from the 1.46 percent previously 
estimated to over 2.13 percent of taxable payroll over the 75-year 
period. This is a steep increase in the long-term deficit, and we have 
got to meet that challenge.
  Last year I introduced a bill that would attempt to correct the 
deficit based on the 1.46 amount. The bill I have introduced today is 
H.R. 4275. It would attempt to gradually correct the new, larger 
deficit starting in 2000. It would do it with three or four major 
reforms which I am going to discuss with the House later on this 
afternoon.
  Mr. Speaker, I hope that Members will start familiarizing themselves 
with the bill, H.R. 4275, which is a reform of our Social Security 
Program intended primarily to help our young people.

                          ____________________