[Congressional Record (Bound Edition), Volume 145 (1999), Part 18]
[House]
[Page 26460]
[From the U.S. Government Publishing Office, www.gpo.gov]


[[Page 26460]]

                PRESIDENT IS FOR SOCIAL SECURITY LOCKBOX

  (Mr. HERGER asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. HERGER. Mr. Speaker, now even President Clinton is for a Social 
Security lockbox.
  Just yesterday, the President said, ``At a minimum, we should agree 
on a down payment on reform by passing a Social Security lockbox.''
  One hundred, fourteen days ago, House Republicans and Democrats 
passed my legislation, the Social Security and Medicare Safe Deposit 
Box Act 416-12. The House of Representatives is committed to not 
spending one dime of Social Security Trust Fund on unrelated programs, 
and now the President is on board there, as well.
  Mr. Speaker, Senate Republicans have tried seven times to consider 
the Social Security lockbox, only to be blocked by Senate Democrats.
  Mr. Speaker, it appears Senate Democrats are now the only obstacle to 
achieving a lockbox to protect Social Security surpluses.

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