[Congressional Record (Bound Edition), Volume 151 (2005), Part 6]
[House]
[Page 8398]
[From the U.S. Government Publishing Office, www.gpo.gov]




                       SOCIAL SECURITY SOLUTIONS

  (Mr. PRICE of Georgia asked and was given permission to address the 
House for 1 minute and to revise and extend his remarks.)
  Mr. PRICE of Georgia. Mr. Speaker, last Thursday our President told 
the Nation that he was willing to listen to any ideas from anyone and 
was willing to share the credit for a solution to Social Security 
problems.
  Finding a solution requires more than just complaining and my 
colleagues on the other side would like you to believe that they have a 
plan, but plans require more than just complaints.
  A recent national poll by Harvard University found that 7 out of 10 
college students do not believe that Social Security will be there for 
them. Younger workers know that the government has used their Social 
Security money for other programs. They also understand voluntary 
personal accounts offer a better way to provide security for them.
  And it is only fair. In past years, retirees received a return of 10 
percent and more from Social Security. Today that return is barely 1.5 
percent and that is not fair to younger Americans. Younger workers 
today are much more familiar with investments through 401(k) plans 
offered which employers, workers know the power of compound interest 
and how their contributions to these accounts grow steady.
  Mr. Speaker, I challenge Members of the House and Senate to have a 
vision for Social Security one of fairness for all Americans.

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