On the recordJune 30, 1999
this year the Republican Party has introduced and been pushing for the BEST agenda. B is for best, strongest military; E is for excellence in education, with local control, not Washington control; S is for saving Social Security; and T is for reducing taxes through spending reductions. Now, part of our planning under Social Security protection is the lockbox concept. What the lockbox says is that Congress will no longer mix Social Security money with general operating money. Just as businesses cannot mix pension plans with operating expenses, the U.S. Government needs to do the same thing. Put Social Security funds in a lockbox so that it will be there for retirement. That bill passed the House on an overwhelmingly bipartisan vote, Republicans and Democrats. Now it is in the other body. Hopefully they will bring it to the floor. It has been 70 days that they have drug this thing out. Now the President is in support of it. I ask the other body to please pass the lockbox and protect Social Security for the future.
Source
govinfo.gov




