[Congressional Record (Bound Edition), Volume 151 (2005), Part 6]
[House]
[Page 7972]
[From the U.S. Government Publishing Office, www.gpo.gov]




                            SOCIAL SECURITY

  (Mr. CHOCOLA asked and was given permission to address the House for 
1 minute and to revise and extend his remarks.)
  Mr. CHOCOLA. Madam Speaker, Social Security was created in 1935, and 
over the decades has become a vital resource to millions of Americans. 
But demographic realities have changed over the past 70 years. Now 
fewer workers, more retirees, and longer life spans will cause Social 
Security's promised benefits to exceed the system's income by 2017.
  If we do not act now to strengthen Social Security, the system that 
so many depend upon today will be unable to meet its promises to 
tomorrow's retirees, and it will burden our children and grandchildren 
with exhaustive taxes.
  The Social Security Trustees, the Comptroller General of the United 
States, and the Chairman of the Federal Reserve Board have all agreed 
that the sooner we act, the smaller and less abrupt the changes will 
be.
  So, Madam Speaker, I encourage all my colleagues to consider all the 
options now and work toward a bipartisan solution that renews Social 
Security's promises for future generations.

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