[Congressional Record Volume 151, Number 50 (Friday, April 22, 2005)]
[Extensions of Remarks]
[Pages E740-E741]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                       STRENGTHEN SOCIAL SECURITY

                                 ______
                                 

                           HON. PHIL GINGREY

                               of georgia

                    in the house of representatives

                        Thursday, April 21, 2005

  Mr. GINGREY. Mr. Speaker, I rise today in support of strengthening 
Social Security through ownership and saving.
  Right now, we have an opportunity to let Americans own a piece of 
their retirement savings by strengthening Social Security through 
voluntary personal accounts.

[[Page E741]]

  Most Americans might be surprised to know that their Social Security 
isn't very secure at all. As the system stands today, your Social 
Security check is controlled by Congress. And when you die, your 
benefits are taken away, regardless of how long or how much you've paid 
into the system.
  That's a bum deal for Americans.
  If instead, we let younger workers create voluntary personal 
retirement accounts with a small portion of their Social Security 
money, more Americans could build a nest egg that the government could 
never ever take away. These savings could be passed on to future 
generations.
  Mr. Speaker, voluntary personal accounts will help low- and middle-
income Americans accumulate wealth and save for their future. I ask for 
your support.

                          ____________________