[Congressional Record (Bound Edition), Volume 151 (2005), Part 5]
[House]
[Page 6381]
[From the U.S. Government Publishing Office, www.gpo.gov]




           REAL SOLUTIONS FOR SOCIAL SECURITY AND THE DEFICIT

  (Mrs. MALONEY asked and was given permission to address the House for 
1 minute.)
  Mrs. MALONEY. Mr. Speaker, irresponsible budget and tax policies have 
squandered the budget surpluses that President Bush inherited and 
turned them into a legacy of debt and deficits. Now he is trying to do 
the same thing to Social Security with a private accounts plan that 
would add trillions to our national debt.
  This plan is exactly backwards. Instead of thinking up ways to weaken 
the Social Security Trust Fund, we should be taking steps to guarantee 
that the assets in the trust fund are truly there to pay future 
benefits. We cannot do that if we run up large deficits outside Social 
Security that weaken our economy and increase our foreign debt.
  Anyone looking for a plan to address the Social Security problem can 
begin with two basic steps. First, take private accounts, privatization 
off the table; and, second, worry about the real crisis, which is the 
current budget deficit outside Social Security.

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