[Congressional Record (Bound Edition), Volume 156 (2010), Part 10]
[House]
[Page 13388]
[From the U.S. Government Publishing Office, www.gpo.gov]




                            SOCIAL SECURITY

  (Mr. SCHAUER asked and was given permission to address the House for 
1 minute.)
  Mr. SCHAUER. Mr. Speaker, over the last 75 years, Social Security has 
been secure and reliable for Americans approaching retirement. For some 
Americans, it's the backbone of their retirement; for others, it's all 
they have. Six out of 10 senior citizens in our country receive the 
majority of their income from Social Security and four out of 10 widows 
do. As a matter of fact, after our country's most recent economic 
disaster, even more seniors were left with only Social Security to rely 
on because they saw their retirement accounts dwindle at the hands of 
Wall Street.
  We've already seen what can happen when we let Wall Street CEOs 
gamble with our life savings--we lose. We cannot afford to gamble with 
our Nation's golden years, and privatization is just that--gambling.
  We must work together to strengthen the promise of Social Security 
for our children and for our grandchildren and still meet the needs of 
those who depend on it now for income.

                          ____________________