[Congressional Record Volume 145, Number 152 (Tuesday, November 2, 1999)]
[House]
[Page H11206]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




      DEMOCRATS WANT TO EXTEND LIFE OF SOCIAL SECURITY TRUST FUND

  (Ms. SCHAKOWSKY asked and was given permission to address the House 
for 1 minute.)
  Ms. SCHAKOWSKY. Madam Speaker, if it were not so serious, it would be 
funny. The Republican Party, the party that never believed in Social 
Security, is now posing as its savior. They say Democrats are raiding 
Social Security, running ads that we are stealing from Social Security. 
It is a joke.
  First, the Republican budget has already spent about $17 billion in 
the Social Security surplus. All the experts and accountants agree. 
They have done what they accuse the Democrats of doing.
  Second, this entire debate is a hoax, and they know it. When one puts 
one's money into a savings account, does one think it just sits there? 
No. The bank uses one's money and pays one interest. That is not 
stealing.
  It is the same with Social Security. The trust fund is either used 
for programs or to pay down the debt. Interest is paid back in the 
fund. The Republicans are desperately trying to cover up the fact that, 
unlike the Democrats, they have no plan to extend the life of Social 
Security, and that is the ugly truth.

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