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Public Statements

Where is the Democrat Social Security Plan?

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Date:
Location: Washington, DC


WHERE IS THE DEMOCRAT SOCIAL SECURITY PLAN? -- (House of Representatives - March 16, 2005)

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

Mr. KINGSTON. Mr. Speaker, I want to follow up the comments of the gentleman from Florida (Mr. Shaw), because it is one thing for the Democrat Party and the liberal groups in Washington, D.C., the very, very special interest groups, to say we are against whatever the President wants to do. We understand that. But it is another thing when they do not offer their own plan.

What I would ask the Democrat Party is to put your plan on the table, because most people agree with the facts, and the facts are that Social Security is running out of money.
Most people understand life expectancy has changed since Social Security started in 1937 when folks lived to be 59 years old. Today, they live to be 77 years old.

Most people understand that in 1937 when Social Security started there was 60 workers for every one retiree, and today it is three to one.

Most people understand the changing demographics that caused it so that if you retired in 1980 it took you 2.8 years to get all of your money back that you put into the Social Security Trust Fund, and yet if you retired in 2003 it will take you 17 years to get your money back.

Most people understand that there is a generation-to-generation issue that needs to be addressed.

What I would ask the Democrat Party is just put your plan on the table. Let us take a look at it. Let us take the best of the Democrat ideas, combine them with the best of the Republican ideas for what is best to protect and preserve Social Security for the next generation.

http://thomas.loc.gov

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