[Congressional Record (Bound Edition), Volume 145 (1999), Part 16]
[House]
[Page 22998]
[From the U.S. Government Publishing Office, www.gpo.gov]



OUR SENIORS NEED TO KNOW THAT SOCIAL SECURITY FUNDS ARE PROTECTED FROM 
                            THIS DAY FORWARD

  (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, it is time to stop the Clinton raid on 
Social Security funds. Just think about this. If someone was working in 
a business and that business had a 401(k) or a pension plan, say it was 
the Georgia Widget Company and your name was Peggy and you had been 
working there for all of these years saving up and putting money into 
the 401(k) and then your retirement came and the owner of the widget 
company said, Peggy, I am sorry, we have spent your money on widgets 
and on tools that we need for the production of widgets and then the 
new driveway out there and some new trucks last year. Well, of course, 
that person would have the right to sue, which is what that worker 
would do.
  The American seniors have had the same thing happen to them. After 30 
years of Democrat-raiding of Social Security, they have put Social 
Security funds into a trust that has been taken out for roads and 
bridges and congressional salaries and government programs. It is time 
to stop that. It is time to put Social Security money in a lockbox for 
only Social Security use; no other use.
  If the President could get the liberals over there in his party in 
the other body to pass the lockbox legislation, which already passed 
the House, we could go home and tell our seniors their Social Security 
funds are protected from this day forward.

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