[Congressional Record Volume 151, Number 89 (Wednesday, June 29, 2005)]
[House]
[Pages H5369-H5370]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




        REPUBLICANS CANNOT HAVE IT BOTH WAYS ON SOCIAL SECURITY

  (Ms. WATSON asked and was given permission to address the House for 1 
minute and to revise and extend her remarks.)
  Ms. WATSON. Mr. Speaker, Washington Republicans cannot have it both 
ways on Social Security. Since the beginning of this year, President 
Bush and House Republicans have been telling everyone who will listen 
that Social Security is going broke. President Bush went so far as to 
take a field trip to West Virginia to show the American people that 
there really is not a trust fund where all the surplus Social Security 
funds are kept.
  Of course, the President was being dishonest. The vault is filled 
with Treasury bonds that must be paid back to Social Security in the 
years to

[[Page H5370]]

come. Regardless, he went to West Virginia and told the American people 
that the Social Security trust fund did not exist.
  So now Congressional Republicans have come up with a brilliant idea: 
Create private accounts with the money that exists in the trust fund. 
Who are Congressional Republicans trying to fool? It is clear that the 
Congressional Republicans are determined to privatize Social Security, 
despite very little support for the idea.

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