Social Security

SOCIAL SECURITY -- (House of Representatives - July 26, 2005)

(Mrs. DAVIS of California asked and was given permission to address the House for 1 minute and to revise and extend her remarks.)

Mrs. DAVIS of California. Mr. Speaker, my colleagues have been saying all along that the recently introduced Social Security GROW Act does not address the future solvency of Social Security, that it will cut guaranteed Social Security benefits, and that it continues the raid on the Social Security Trust Fund, despite what its sponsors say.

Well, you do not have to take our word for it. Even my friends on the other side of the aisle have begun to publicly question their party's plan. The gentleman from Arizona (Mr. Kolbe) said in USA Today that ``you must eat your spinach before having dessert, and this plan only offers dessert: the personal retirement accounts.'' Senator CHUCK GRASSLEY of Iowa said in the L.A. Times that he was ``disappointed that the new House Republican bill did not address Social Security's impending insolvency.'' And the gentleman from Connecticut (Mr. Simmons) said to Bloomberg News, ``I do not support legislation that takes tax dollars and diverts them to private accounts.''

This legislation is not the way to preserve Social Security. As we prepare to celebrate the 70th anniversary of Social Security, we should be straightening it rather than jeopardizing our citizens' hard-earned retirement savings.

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