[Congressional Record (Bound Edition), Volume 157 (2011), Part 9]
[House]
[Page 13116]
[From the U.S. Government Publishing Office, www.gpo.gov]




                 SOCIAL SECURITY IS NOT A PONZI SCHEME

  (Ms. FUDGE asked and was given permission to address the House for 1 
minute and to revise and extend her remarks.)
  Ms. FUDGE. Mr. Speaker, I spend a lot of time at home talking to my 
senior citizens. On one of my visits home, they gave to me a package of 
25,000 signatures, asking if I would pledge to support Social Security. 
I want them to know that I am going to pledge to do that. I also want 
to say to them that, yes, we need to make some changes, but it is not a 
Ponzi scheme. I want for them to understand that those who get by keep 
food and shelter because of Social Security. It is not a Ponzi scheme.
  Yes, we need to make some changes, but do you know what, Mr. Speaker? 
We just need to raise the cap. We don't need to say that it can't be 
fixed, that it's broken. We need to raise the cap. Again, I am going to 
say it is not a Ponzi scheme. It is something that hardworking 
Americans deserve when they have finally retired after working for 25 
or 30 or 40 years. It is not a Ponzi scheme.

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