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Hensarling Applauds Bush's State of the Union Speech

Location: Washington, DC

Hensarling Applauds Bush's State of the Union Speech
Congressman Backs Plan to Protect Homeland Security and Preserve Social Security
February 2, 2005

WASHINGTON - Today, Congressman Jeb Hensarling (R-TX) issued the following statement regarding President George W. Bush's 2005 State of the Union address:

"The President's State of The Union address showed exactly why he won the last election. George W. Bush is a decisive leader who is dedicated to achieving a safer and stronger America.

"The recent election in Iraq is proof that freedom is on the march around the globe. Millions of Iraqis braved bombs and bullets to cast their ballots and express their faith in democracy. Nurturing the seeds of freedom in Iraq and the Middle East is the best way we can strengthen our security here at home.

"Under President Bush's continued leadership, I am confident we will protect the security of our homeland and strengthen the retirement security of every American.

"I have two parents that depend on Social Security as part of their retirement. I am also the father of two small children who know a whole lot more about Big Bird and Barney than they do about Social Security benefits. But I am pleased to see that President Bush is speaking out for both our parents' generation and future generations of Americans.

"In less than five years the baby boomers will begin to retire, and in just over a decade, Social Security will begin paying out more in benefits than it collects in payroll taxes. If we do nothing, this demographic time bomb will soon spark the financial collapse of Social Security.

"We must be fair to future generations and act now to save Social Security. The best way to guarantee the retirement security of all Americans is through voluntary, secure, personal retirement accounts that people own and Washington cannot squander. Democrats and Republicans all need to look beyond the next election and begin to focus the next generation."

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