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Social Security Private Accounts

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Location: Washington, DC


SOCIAL SECURITY PRIVATE ACCOUNTS -- (House of Representatives - June 15, 2005)

(Mr. MILLER of Florida asked and was given permission to address the House for 1 minute and to revise and extend his remarks.)

Mr. MILLER of Florida. Mr. Speaker, talk of bipartisanship in legislating real solutions for the American people must have been just that; talk. The 109th Congress commenced just 6 months ago, and some Members on the other side of the aisle are still scheming on how to derail practical solutions for reforming Social Security.

One promising proposal, the creation of personal retirement accounts, has already been taken off the table by the Democrats before genuine debate has even begun. I believe that younger workers should have the opportunity to plan for a higher retirement income than that which the current system would allow. Workers retiring after about 2042 can only expect to receive about 73 percent or less of what they are being promised today.

I hear from my constituents daily about broken promises by our government. Personal accounts are a perfect example of a way we can give the American public control of their hard-earned income and avoid broken promises to its people.

Mr. Speaker, it is only fair to working Americans that we have true debate on Social Security reform before tossing out so-called partisan ideas.

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