[Congressional Record (Bound Edition), Volume 151 (2005), Part 11]
[House]
[Pages 15631-15632]
[From the U.S. Government Publishing Office, www.gpo.gov]




       REPUBLICAN PLAN TO MOVE SOCIAL SECURITY INSOLVENCY CLOSER

  (Ms. SOLIS asked and was given permission to address the House for 1 
minute.)
  Ms. SOLIS. Mr. Speaker, congressional Republicans have shown their 
hand once again. It is now clear that Republicans have no desire to 
strengthen Social Security for future generations. Instead, their only 
intentions are to privatize the guaranteed retirement program.
  The Republicans' risky privatization scheme would create private 
accounts financed by diverting money out of Social Security. It does 
absolutely nothing to extend solvency of Social Security. In fact, the 
Republican proposal would actually move Social Security insolvency up 2 
years. The Republican plan actually harms Social Security by taking 
away money from the trust fund. Every so-called ``surplus'' dollar put 
into the trust fund is already earmarked to pay future benefits. There 
is simply no way to divert those dollars to private accounts.
  If Republicans really want to strengthen Social Security, do we not 
think they would come up with a proposal that would really actually 
extend solvency?
  The American public demands reform, but not in this manner. 
Privatization is not the way to go. In my own district, 60,000 people 
are on Social Security. They look forward to that continued support.

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