Political Quotes

On the recordJuly 20, 2010
Again, I want to make sure we set the record straight here. There is a lot of rhetoric, a lot of talk going on on the floor today about Social Security, and I just want to make sure that the record stands clear that in 1935, the Social Security Act, on April 19, 1935, was passed with 79 percent of the Republicans in the House voting for it in the House. There weren't many Republicans in 1935, I might add. Seventy-seven Republicans voted for it, and there were 18 that voted against; 288 Democrats voted for it and 13 voted against. So let the record show that Republicans have supported Social Security, and we continue to support Social Security. Nobody that I know of on my side has talked about privatizing Social Security. We look to something like the railroad retirement system, how they've taken a portion of it, 7 years ago--under the Bush administration, I might add--under a Republican Congress, moved a portion of that to be able to be invested into different investment vehicles that has given a much greater return. As I've said, 17 percent growth in the last 7 years, even in these tough economic times. So it can be done. And as I mentioned earlier, there was a poll out today that 18- to 34-year-olds in today's USA Today poll, 75 percent of them do not believe they will receive Social Security benefits.
Said by
Bud Shuster

Editor's note · Context

The speaker addresses the history and support of Social Security among Republicans.

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