[Congressional Record Volume 146, Number 65 (Tuesday, May 23, 2000)]
[Senate]
[Page S4247]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                      PERSONAL RETIREMENT ACCOUNTS

  Mr. SANTORUM. Mr. President, I wish to briefly continue the 
discussion started by Senator Grams from Minnesota. I commend him for 
his fine work on the issue of Social Security and moving forward on 
personal retirement accounts.
  I also commend Gov. George W. Bush for his bold and, I think, 
prescient decision to move forward on the issue of personal retirement 
accounts for Social Security. This is the kind of leadership this 
country is looking for, someone who is going to tell the truth to the 
country, let them know what the decisions to be made are with the most 
important social program in this country, Social Security.
  The Governor laid out very clearly the options before us: We can 
either raise taxes, we can cut benefits, or one can invest some of the 
current Social Security revenue stream into stocks and bonds. He came 
out and said: I am for investment. That is the way we are going to 
solve this problem and create opportunities for every working American, 
with every working American sharing a piece of the American dream, the 
free spirit of America.
  I commend him for that, thank him for his leadership, and look 
forward to talking about this issue over the next several months to 
move this issue forward for America.
  The PRESIDING OFFICER. The Senator's time has expired.
  All the time of the Senator from Wyoming has expired.
  The Senator from California.

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