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




                 THE TRUTH ABOUT SAVING SOCIAL SECURITY

  (Mr. SHAW asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. SHAW. Mr. Speaker, I have never heard so many negative statements 
as we see coming from the other side of the aisle, with speaker after 
speaker, most of them scripted, making false accusations as to what the 
Republicans are doing with Social Security.
  If they are going to criticize what the Republicans are doing to try 
to save Social Security, let them come forward with their plan. 
Everybody knows that Social Security is going to be going into the red 
beginning in 2017. Everybody who has done any research knows there is a 
$26 trillion shortfall over the next 75 years in cash. So what are they 
doing? They are sitting there making false accusations about what we 
are trying to do.
  One of the speakers just this morning said that we were going to 
diminish the trust fund by putting the Treasury bills into the 
individual accounts. Nothing could be more wrong.
  I assume that these statements are being made out of ignorance and 
not out of knowledge of the truth, because we know what it is when you 
say something that you know is not true.

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