[Congressional Record (Bound Edition), Volume 158 (2012), Part 12]
[House]
[Page 15980]
[From the U.S. Government Publishing Office, www.gpo.gov]




                              {time}  0910
                         SOCIAL SECURITY CRISIS

  (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, back in 2007, then-candidate 
Obama said the Nation is facing ``a Social Security crisis.'' And he 
was right. Unfortunately, 5 years later, as we deal with a looming 
fiscal cliff, some in the President's own party are denying the fiscal 
reality when it comes to Social Security. Here are the facts:
  Social Security is the government's most expensive program. Since 
2010, it has been bleeding cash, and over the next 10 years, it will do 
so to the tune of nearly $1 trillion. As a recent USA Today editorial 
put it, Social Security is indeed contributing to our deficit. To say 
otherwise is to lie to the American people.
  Mr. Speaker, all Americans want, need, and deserve that we work 
together to address our fiscal challenges. We owe it to current and 
future beneficiaries to secure this critical safety net. We can make 
Social Security solvent forever. Let's do it.

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