[Congressional Record (Bound Edition), Volume 145 (1999), Part 4]
[House]
[Page 5395]
[From the U.S. Government Publishing Office, www.gpo.gov]




                   SOCIAL SECURITY TRUST FUND ROBBERY

  (Mr. COOKSEY asked and was given permission to address the House for 
1 minute and to revise and extend his remarks.)
  Mr. COOKSEY. Mr. Speaker, Lenox Lewis may have been robbed in his 
recent boxing match, but his experience is nothing compared to the 
robbery of the Social Security Trust Fund over the past 40 years. It is 
happening in broad daylight, and the robbers have nowhere to hide. It 
is time to stop the robbery.
  The Republican budget puts the Social Security Trust Fund in a safe 
deposit box so that the plundering of the Trust Fund will stop. The 
President will have a hard time finding money to pay for the 85 new 
spending initiatives in his budget proposal. That is 85 new ways to 
make a mockery of the Social Security Trust Fund the way the President 
has proposed.
  The Republican budget, on the other hand, reserves 100 percent of the 
retirement surplus for Social Security and Medicare. Mr. Speaker, my 
colleagues have heard that right. The Republican budget reserves 100 
percent of the retirement surplus for Social Security and Medicare. In 
fact, our budget puts aside more money for Social Security and Medicare 
than does the President's budget.
  We cannot do anything about the Lenox Lewis rip-off, but we can put a 
stop to the robbery of the Social Security Trust Fund that has been 
going on for too long.

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