[Congressional Record (Bound Edition), Volume 145 (1999), Part 10]
[House]
[Page 14591]
[From the U.S. Government Publishing Office, www.gpo.gov]



                    THE SOCIAL SECURITY ``LOCKBOX''

  (Mr. KINGSTON asked and was given permission to address the House for 
1 minute and to revise and extend his remarks.)
  Mr. KINGSTON. Mr. Speaker, we passed in the House a very, very 
significant bill. It had to do with the lockbox. What it did is it put 
the social security money basically off-budget so that we would not 
continue to do as we have done in the past, which is combine social 
security money with general purpose spending.

                              {time}  1415

  We passed that out of the House. We had a good debate on it. There 
was disagreement here and there, but we passed it. The will of the 
House was to move it forward. But now the Senate, which we 
appropriately address as ``the other body,'' but it is the other body, 
they will not move on that.
  It is very important to my grandmother, to your grandmother, to your 
parents, that we quit mixing Social Security proceeds with general 
operating revenues. There is not a business in America that is allowed 
to mix its pension plan with its operating expenses. It is now time for 
the other body to vote on this bill, which the President supports, and 
let us protect the retirement of our grandparents and parents.

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