[Congressional Record (Bound Edition), Volume 152 (2006), Part 2]
[House]
[Pages 1932-1933]
[From the U.S. Government Publishing Office, www.gpo.gov]




                            SOCIAL SECURITY

  (Mr. NADLER asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. NADLER. Madam Speaker, in the President's budget he asks for a 
few hundred million dollars over the next few years for the cost of

[[Page 1933]]

privatizing Social Security. When he was here at the State of the Union 
address, he commented that Congress rejected his proposals to privatize 
Social Security. All the Democrats to his surprise got up and cheered, 
because we think it is a terrible idea to privatize Social Security
  To do to Social Security what they are doing to the pension system, 
eliminating private pensions and making people depend only on 401(k)s, 
we think is a terrible idea. What the President telegraphed, by putting 
in his budget the money to pay for the cost of privatizing Social 
Security, is that if the Republicans retain control of Congress in this 
election, they are going to try it again.
  They will privatize Social Security if the Republicans control 
Congress again next year. If anybody thinks that privatizing Social 
Security is a bad idea, that we should not destroy Social Security, you 
better vote Democratic this year.

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