On the recordFebruary 16, 2005
my staff just brought to my attention a publication from the Republican Policy Committee, which our colleague, Senator Kyl of Arizona, chairs. It is on their Web site. I found it interesting because it is a description of the Democrat's Social Security plan. What is interesting about this so-called bill, as described by Senator Kyl and the Republican Policy Committee, is that it does not exist. They go on to describe this so-called bill by the Democrats which, according to the Republicans, will require new borrowing or tax increases of $5.8 trillion between 2018 and 2042. This does not exist. What I hold in my hand and what is on the Republican Policy Committee site is a complete fabrication. There is no truth to this. It surprises me that my colleagues will reach a point where they would put this into the public discussion--try to--when they know it is not true. Let's try to recap where we are on the debate about Social Security. It was President Bush who told us we needed to talk about Social Security. It was President Bush who told us we face a crisis, a challenge, a bankruptcy in Social Security. It was the President who said we needed to privatize Social Security. It was the President's leadership who brought us to this point in the discussion. And many of us are still waiting for the President's bill.
Source
govinfo.gov




