[Congressional Record Volume 141, Number 177 (Thursday, November 9, 1995)]
[House]
[Page H11980]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                              PENSION RAID

  (Mr. HINCHEY asked and was given permission to address the House for 
1 minute and to revise and extend his remarks.)
  Mr. HINCHEY. Mr. Speaker, for the last several months, since the 
beginning of this year, in fact, the Speaker of this House and his 
followers have been trying to convince the American people that the 
best way to save the Medicare Program is by raiding it to the tune of 
$240 billion. I think that the people of this country have clearly seen 
through that ploy. Now what they are trying to do is to convince us 
that the best way to treat American workers is to raid their pension 
funds by $40 billion.
  The last speaker who was up here said that he would be happy to look 
into this, but the fact of the matter is, he has already voted for it. 
It was in the budget reconciliation bill. This House, the majority 
party in this House, led by the Speaker, has already passed a bill that 
would take $40 billion out of the pension programs of American workers, 
robbing them of the security for which they have worked all their 
lives. It is a shameless raid on their assets and it needs to be 
stopped.

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