On the recordFebruary 10, 2005
first I salute my colleague from Utah. I agree completely with his conclusion--completely. We need to get together on a bipartisan basis and talk about the future of Social Security. That should be the starting point. Unfortunately, it is not the starting point. The starting point is a proposal by the administration that we create this privatization of Social Security. That is not a good starting point. We should be able to come together and agree on some facts. The facts are fairly obvious. They have been certified by the General Accounting Office and the Congressional Budget Office. They differ a little bit from what was just said. I was in Congress in 1983. We looked at Social Security and said we have a serious, immediate crisis: If we do not do something, and do it now, we will find ourselves in a position where we will not be able to meet our promises to all the retirees who paid into Social Security their entire working lives. President Ronald Reagan, a Republican President, reached across the aisle to the Speaker of the House of Representatives, Tip O'Neill, a leading Democrat, and said: Can't we find a bipartisan way to deal with the most popular and important social program in America? Tip O'Neill said: We have to. They created a commission with Alan Greenspan as the Chairman. They brought real bipartisanship to the Commission.…
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