I rise today in full support of H.R. 4277. I am cosponsor of that legislation, and I want to commend the gentleman from Indiana [Mr. Jacobs], the gentleman from Kentucky [Mr. Bunning], the gentleman from Illinois [Mr. Rostenkowski], and the gentleman from Texas [Mr. Archer], and the gentleman from Texas [Mr. Pickle] for their fine work. We must protect our Social Security system from the political spending practices and gimmickry that we have seen in this Congress and from this administration. This protection is all the more mandatory in these days of $300 billion deficits. By making Social Security an independent agency this legislation will help insulate our Social Security funds from such mischief. Americans deserve a return on their investment, an investment they believe they make when they contribute to Social Security out of every paycheck. Making Social Security an independent agency is an important step in assuring that they get that return. And finally, this legislation will go a great distance in helping ensure that Social Security is there for our seniors and every working American who invested in the system. Mr. Speaker, I have stood on this floor on several occasions to warn of the impending insolvency of the Social Security Disability Trust Fund. Today the disability system is already in serious financial trouble. Unless we in Congress act now, the disability fund will be totally bankrupt by 1995.
Editor's note · Context
Supporting H.R. 4277 to protect the Social Security system during a floor speech.
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