June 28, 2005 - Issue: Vol. 151, No. 88 — Daily Edition109th Congress (2005 - 2006) - 1st Session
SAVE SOCIAL SECURITY FIRST; Congressional Record Vol. 151, No. 88
(House of Representatives - June 28, 2005)
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[Page H5258] From the Congressional Record Online through the Government Publishing Office [www.gpo.gov] SAVE SOCIAL SECURITY FIRST (Mr. EMANUEL asked and was given permission to address the House for 1 minute and to revise and extend his remarks.) Mr. EMANUEL. Mr. Speaker, our Republican colleagues have unveiled a new proposal to privatize the Social Security surplus. Maybe I am a little confused, but was President Bush not just in West Virginia saying the Social Security trust fund and its surplus did not exist? In West Virginia the President said, There is no Social Security trust fund, just IOUs stacked in an old filing cabinet. In Washington, D.C., this discovery of the surplus counts as progress. I welcome the Republicans' discovery of the Social Security surplus. The problem is in the last 5 years they have spent $630 billion of the Social Security surplus on everything under the sun but Social Security. Privatization of Social Security is the poison pill to progress. Our first priority should be to save Social Security first. That is the position of the American people, and that is the position of the Democratic Party. Before we create private accounts or do anything else to fundamentally alter Social Security, we must guarantee its future. The goal is to strengthen Social Security for the future, something privatization fails to do. The American people have rejected the President's privatization proposal of Social Security, and they will undoubtedly reject this unbaked new idea. ____________________