STRENGTHEN SOCIAL SECURITY -- (House of Representatives - May 25, 2005)
(Mr. CANTOR asked and was given permission to address the House for 1 minute and to revise and extend his remarks.)
Mr. CANTOR. Madam Speaker, I rise today to talk about a serious challenge facing our government. Social Security, Medicaid, and Medicare are growing at alarming rates. By 2042, these three programs alone are going to comprise 26 percent of our gross domestic product. This number far exceeds today's entire Federal budget in relative terms, which is roughly 18 percent of GDP.
Our focus now in this House should be to strengthen Social Security and to ensure that it is around for our children and grandchildren. Along with the leadership of President Bush, this House must commit itself and take advantage of an opportunity to enact real reforms to the Social Security system, making this vital program better for all recipients.
We can no longer afford to have partisanship prevail on the other side of the aisle, and instead invite all to join the debate of ideas to ensure progress in this crucial debate.