[Congressional Record (Bound Edition), Volume 151 (2005), Part 11]
[House]
[Pages 14769-14770]
[From the U.S. Government Publishing Office, www.gpo.gov]




        REPUBLICANS CANNOT HAVE IT BOTH WAYS ON SOCIAL SECURITY

  (Ms. WATSON asked and was given permission to address the House for 1 
minute and to revise and extend her remarks.)
  Ms. WATSON. Mr. Speaker, Washington Republicans cannot have it both 
ways on Social Security. Since the beginning of this year, President 
Bush and House Republicans have been telling everyone who will listen 
that Social Security is going broke. President Bush went so far as to 
take a field trip to West Virginia to show the American people that 
there really is not a trust fund where all the surplus Social Security 
funds are kept.
  Of course, the President was being dishonest. The vault is filled 
with Treasury bonds that must be paid back to Social Security in the 
years to come. Regardless, he went to West Virginia and told the 
American people that the Social Security trust fund did not exist.
  So now Congressional Republicans have come up with a brilliant idea: 
Create private accounts with the money

[[Page 14770]]

that exists in the trust fund. Who are Congressional Republicans trying 
to fool? It is clear that the Congressional Republicans are determined 
to privatize Social Security, despite very little support for the idea.

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