[Congressional Record (Bound Edition), Volume 145 (1999), Part 17]
[House]
[Page 23808]
[From the U.S. Government Publishing Office, www.gpo.gov]



            OUR FUTURE DEPENDS ON A SOCIAL SECURITY LOCKBOX

  (Mr. TANCREDO asked and was given permission to address the House for 
1 minute.)
  Mr. TANCREDO. Mr. Speaker, if we in this Congress accomplish nothing 
else in our session but to set in stone the idea of a Social Security 
lockbox, we will have accomplished a great deal for America.
  If we have been able to get across to the people in this country the 
idea that FICA taxes coming into this government will be used for 
nothing else but Social Security, if we can firmly establish this 
concept, the lockbox concept, we will, in fact, save Americans well 
over $2 trillion in the next 10 years.
  We will do it this way: by assuring that those dollars coming in for 
Social Security will actually pay down debt, not go for new programs as 
they have gone for the last 34 or 35 years. We have expanded government 
by using Social Security money; and if we can stop just that one thing 
from happening and do nothing else here, we will have accomplished an 
enormous amount.
  So, Mr. Speaker, I ask my colleagues to please think about the future 
of the country and how much it depends upon our ability to advance the 
idea of a Social Security lockbox.

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