[Congressional Record Volume 141, Number 182 (Thursday, November 16, 1995)]
[Extensions of Remarks]
[Page E2194]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                      RAIDING THE RETIREMENT FUND

                                 ______


                            HON. RON PACKARD

                             of california

                    in the house of representatives

                      Thursday, November 16, 1995

  Mr. PACKARD. Mr. Speaker, I want to commend all of my colleagues who 
stand fast on balancing the budget and protecting retirees.
  Republicans passed a bill to prevent the Clinton administration from 
using trust funds to support Government spending. Our colleagues on the 
other side of the aisle worked overtime to ensure that the Clinton 
White House would be able to raid the Social Security trust fund and 
other retirement funds to fund what the Democrats term ``useful'' 
priorities. I do not think most Americans consider $47,000 to 
investigate journalists or $1.7 million to hire a public relations firm 
for AmeriCorps--Mr. Clinton's paid volunteers.
  Republicans in Congress are working to pass the first balanced budget 
in a generation and end Government's addiction to higher spending and 
more taxes. Democrats not only oppose a balanced budget, they voted to 
allow the administration to raid Social Security. This administration 
is willing to stop at nothing.
  Mr. Speaker, we have to balance the budget honestly, not dip into 
America's hard-earned savings. I urge my colleagues to continue to 
stand firm.

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