[Congressional Record Volume 158, Number 84 (Wednesday, June 6, 2012)]
[House]
[Page H3488]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
SOCIAL SECURITY DISABILITY
(Mr. PITTS asked and was given permission to address the House for 1
minute and to revise and extend his remarks.)
Mr. PITTS. Madam Speaker, according to the Social Security trustees,
the Social Security Disability program is expected to exhaust its trust
fund in just 4 years. If the fund is exhausted and if nothing is done,
only around 80 percent of the benefits will be paid out. Over 11
million Americans could be impacted.
Again, we have another government entitlement program headed towards
bankruptcy. This is a program that costs as much as the annual budgets
of the Departments of Agriculture, Homeland Security, Commerce, Labor,
Interior, and Justice combined. I know how important this program is to
many of my own constituents. With regard to Medicare, Medicaid, Social
Security, and the disability program, tens of millions of people rely
on these programs, but they are not structurally sound.
Doing nothing is not the answer, and taking funds from the general
revenue does nothing to provide the long-term stability that we need.
We need real innovative reform that fixes our problems, that saves and
strengthens these programs without piling up debt. If we don't act to
save and strengthen these programs, our creditors will make the
decisions for us down the road. We need to address these problems in a
bipartisan manner. One party can't do it alone.
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