In the upcoming days of the 108th Congress, this legislative body may be called upon to tackle the very important and very difficult issue of Social Security reform. As it currently stands, the Social Security System needs strengthening for the sake of our children and grandchildren. I recently read an article, written by Mises Institute Scholar John Attarian, which takes us back to December 1981, when President Ronald Reagan, alone with House Speaker Tip O'Neill and Senate Majority Leader Howard Baker, created a bipartisan commission to study Social Security and recommend reforms. Alan Greenspan was picked by President Reagan to head-up this commission. This article will provide my fellow colleagues with insightful information regarding past experience with Social Security reform. If we refuse to learn from our previous mistakes and mishaps, we are doomed to travel down the same erroneous and errant path. We can't just kick the can down the road. Raising taxes on benefits and reducing benefits are not an option for Social Security reform.
Jim Bunning: “In the upcoming days of the 108th Congress, this legislative body may be called upon to tackle the very important and…”
On the recordMarch 10, 2003
Said by
Jim Bunning
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govinfo.govEditor's note · Context
Addressing the need for Social Security reform during a speech in Congress.
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Aug 2, 2010
Is that not just kind of a transferring of what we cannot pay for and what our excesses are presently to my children and grandchildren? Is that not kind of a wealth transfer or a debt transfer?
Sep 21, 2010
This is a stunning case, knowing that the SEC has changed hands and things, that they would not jump down this after the Madoff--Bernie--after his case hit the papers.
Sep 21, 2010
if the Congress does it that way, you are absolutely correct that this program will fall into an abyss and never pay for itself, and the Government will be on the hook for more than the 18 plus billion dollars it presently is.