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Privatizing Social Security

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Location: Washington, DC


PRIVATIZING SOCIAL SECURITY -- (House of Representatives - June 24, 2005)

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

Mr. GEORGE MILLER of California. Mr. Speaker, Members of the House, I do not know what it is about the Republicans, but despite overwhelming opposition by the American people across the board against the privatization of Social Security, they bring out yet another plan to privatize Social Security. They bring out another plan to privatize Social Security, to raid the Social Security trust fund, and to undermine the solvency of Social Security.

Three points to their plan. Undermine the solvency of Social Security; raid what is left of the Social Security trust fund; and to privatize Social Security, all of which the American public overwhelmingly disagrees with and has disagreed with whether it is presented by the President or by the Republicans in Congress.

A Republican got up here a few minutes ago and said we want to do this because these people can spend their money better than the government. I would remind that young woman that she is the government. The Republicans control the White House, the House and the Senate. And since they have controlled those three bodies, they have taken $700 billion out of the Social Security trust fund; $700 billion they have raided to date, and now they want to close the deal and take the rest of the money out of the Social Security trust fund.

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