[Congressional Record Volume 151, Number 100 (Thursday, July 21, 2005)]
[House]
[Page H6209]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
DEMOCRATS' TRACK RECORD: RAISE TAXES
(Mr. DOOLITTLE asked and was given permission to address the House
for 1 minute.)
Mr. DOOLITTLE. Mr. Speaker, the inevitable insolvency of Social
Security is not a new problem. Since the program began in 1935, the
number of workers per retiree has slipped from 40 to just three today.
And unless Congress acts, the system will be completely bankrupt by the
year 2041.
{time} 1015
In light of these facts Republicans have put forth a variety of
proposals to make Social Security remain solvent for future
generations. But up to this point, Democrats have chosen to oppose our
good faith efforts and insist that indeed there is no problem. The
minority party's only solution to saving Social Security is the same
solution they have applied to this problem for the past 68 years, to
raise your taxes. On 50 separate occasions when faced with critical
decisions to shore up Social Security, Democrats have resorted to
either raising the payroll tax rate or the minimum taxable wage. It is
clear their tax hikes have done nothing more than mask Social
Security's inadequacies and postpone real and lasting solutions.
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