Issue Position: Social Security

Floor Speech

By:  Judy Chu
Date: Jan. 1, 2012
Location: Unknown

Ms. CHU. Mr. Speaker, in the 1930s, over half of our seniors lived in poverty. They survived on whatever friends and relatives could spare. So Congress created a shield against common threats like old age and disability.

For 75 years, Social Security has protected millions of Americans. For 75 years, it's been our government's bedrock promise. For 75 years, it's helped people like Janice Moore, whose husband passed away 13 years ago, leaving Janice and their three children to fend for themselves.

Republicans want to hand this over to Wall Street. It's the same privatization scheme they tried 5 years back. If they had succeeded, we would have lost trillions in the stock market. But Democrats and the American people said ``no.''

Today, we again reject these schemes and say ``yes'' to Social Security's promise--protecting American lives for another 75 years and many generations to come.