[Congressional Record Volume 151, Number 93 (Tuesday, July 12, 2005)]
[House]
[Pages H5643-H5644]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




       REPUBLICAN PLAN TO MOVE SOCIAL SECURITY INSOLVENCY CLOSER

  (Ms. SOLIS asked and was given permission to address the House for 1 
minute.)
  Ms. SOLIS. Mr. Speaker, congressional Republicans have shown their 
hand once again. It is now clear that Republicans have no desire to 
strengthen Social Security for future generations. Instead, their only 
intentions are to privatize the guaranteed retirement program.
  The Republicans' risky privatization scheme would create private 
accounts financed by diverting money out of Social Security. It does 
absolutely nothing to extend solvency of Social Security. In fact, the 
Republican proposal would actually move Social Security

[[Page H5644]]

insolvency up 2 years. The Republican plan actually harms Social 
Security by taking away money from the trust fund. Every so-called 
``surplus'' dollar put into the trust fund is already earmarked to pay 
future benefits. There is simply no way to divert those dollars to 
private accounts.
  If Republicans really want to strengthen Social Security, do we not 
think they would come up with a proposal that would really actually 
extend solvency?
  The American public demands reform, but not in this manner. 
Privatization is not the way to go. In my own district, 60,000 people 
are on Social Security. They look forward to that continued support.

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