On the recordMay 18, 2000
The Social Security surplus must be locked away for Social Security only. As you know, when these Democrats, frankly, the leadership, had control of this budget for 40 years, they used the Social Security money for other purposes. It is the Republican bills that changed the status quo and said, wait a minute, let us put Social Security money for the purpose of Social Security. Social Security payroll taxes must not be increased. That is another condition. The government must not invest Social Security funds in the stock market, the very point the gentleman made 3 or 4 minutes ago. Modernization must preserve the disability and survivor components. Modernization must include individually controlled personalized voluntary, and 'voluntary' is the key word, personal retirement accounts which will augment, supplement the Social Security safety net.
Source
govinfo.gov
