[Congressional Record (Bound Edition), Volume 151 (2005), Part 3]
[House]
[Page 4180]
[From the U.S. Government Publishing Office, www.gpo.gov]




         MAKING RESPONSIBLE DECISIONS REGARDING SOCIAL SECURITY

  (Mr. CHANDLER asked and was given permission to address the House for 
1 minute and to revise and extend his remarks.)
  Mr. CHANDLER. Mr. Speaker, as many of you may know, the President is 
in my home State of Kentucky today talking about the need to reform 
Social Security. He is trying to convince Americans that the program is 
in crisis and that privatization is the only way to make sure Social 
Security remains strong.
  What the President is not telling the public is that privatization 
may cause families all across America to lose their retirement savings 
on the stock market.
  When I think of Social Security, I think of Samuel Insko from 
Lancaster, Kentucky, who voted for the President but now believes that 
the President has turned his back on America. He worked all his life in 
Kentucky until one day he was injured and could no longer work.
  Social Security saved him. He says he would be homeless and broke 
without Social Security. Privatization would harm Samuel Insko as well 
as all of our children and grandchildren, who would be saddled with 
trillions of dollars in debt.
  The President is trying to mortgage away our future by proposing a 
plan that would add $4.8 trillion to our national debt over the next 20 
years. If we want America to remain prosperous, we need to make 
responsible decisions that do not tie the hands of future generations.

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