[Congressional Record (Bound Edition), Volume 151 (2005), Part 11]
[House]
[Pages 14528-14529]
[From the U.S. Government Publishing Office, www.gpo.gov]




  REPUBLICAN SOCIAL SECURITY SHAM; QUIT RAIDING SOCIAL SECURITY TRUST 
                                  FUND

  (Mr. STUPAK asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. STUPAK. Madam Speaker, congressional Republicans unveiled their 
own Social Security privatization plan last week, stating repeatedly 
that their proposal would protect the Social Security trust fund.
  It is an interesting comment considering the fact that Republicans 
have raided $670 billion from the Social Security trust fund over the 
last 4 years alone to help pay for their giant tax breaks for the 
wealthiest elite. The majority party seems to forget that during the 
Clinton years, we ensured Social Security trust funds were locked away 
so they could not be used by the Federal Government. That quickly 
changed after President Bush came to town, and now congressional 
Republicans are being disingenuous by attempting to sell their Social 
Security

[[Page 14529]]

proposal as a way to prevent the trust fund from being raided in the 
future.
  Republicans are simply misrepresenting their proposal. When asked 
last week how the government would fund the programs now being funded 
by the Social Security trust fund money, the gentleman from Louisiana 
(Mr. McCrery), Social Security Subcommittee chairman, said that the 
cash can still be used the way it is now. In other words, despite their 
rhetoric, Republicans would continue to raid the Social Security trust 
fund.
  Americans should not be fooled by this latest privatization proposal. 
If the President and Republicans are serious about saving Social 
Security, let us pay back what we owe on Social Security now.

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