[Congressional Record (Bound Edition), Volume 154 (2008), Part 4]
[House]
[Page 4775]
[From the U.S. Government Publishing Office, www.gpo.gov]




              SERIOUS ACTION ON SOCIAL SECURITY NEEDED NOW

  (Mr. SAM JOHNSON of Texas asked and was given permission to address 
the House for 1 minute and to revise and extend his remarks.)
  Mr. SAM JOHNSON of Texas. Mr. Speaker, a recent report shows Social 
Security sliding into the red. We need to protect our younger 
generation, and I think it is up to the Congress to take serious action 
now.
  The Trustees' Annual Report on Social Security released a couple of 
weeks ago paints a gloomy picture. Social Security will begin paying 
out more money than it takes in from payroll taxes in 2017, and by 2041 
the Social Security trust fund is going to be exhausted.
  These dismal dates come as no surprise to us. Each day that ebbs by 
we are left with fewer options on how to address this growing problem.
  As ranking member on the Social Security Subcommittee, I stand ready 
to work with my colleagues on both sides of the aisle to find real 
solutions for all Americans for our future. The time is now. We cannot 
afford to wait.

                          ____________________