[Congressional Record Volume 147, Number 20 (Tuesday, February 13, 2001)]
[House]
[Page H261]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                    GOOD NEWS FOR AMERICA'S SENIORS

  (Mr. GIBBONS asked and was given permission to address the House for 
1 minute and to revise and extend his remarks.)
  Mr. GIBBONS. Mr. Speaker, today we have some good news for our 
Nation's senior citizens. Today we have the chance to make a promise to 
our seniors that Social Security and Medicare will be there for them 
when they need it. After all, it is only fair.
  Americans pay into the Social Security and Medicare systems all of 
their lives; they deserve to know that their benefits will be there for 
them when they retire. The Social Security and Medicare Lockbox Act 
will lock away $2.9 trillion in Social Security and Medicare trust 
funds guaranteeing that these precious funds are not spent on wasteful, 
big government programs.
  This lockbox legislation is good news and reiterates our commitment 
to ensuring retirement security for America's seniors, today and in the 
future.
  I encourage all of my colleagues, on both sides of the aisle, to 
support this important legislation and make a real commitment to our 
seniors by protecting the future of Social Security and Medicare.

                          ____________________