On the recordNovember 2, 1999
if it were not so serious, it would be funny. The Republican Party, the party that never believed in Social Security, is now posing as its savior. They say Democrats are raiding Social Security, running ads that we are stealing from Social Security. It is a joke. First, the Republican budget has already spent about $17 billion in the Social Security surplus. All the experts and accountants agree. They have done what they accuse the Democrats of doing. Second, this entire debate is a hoax, and they know it. When one puts one's money into a savings account, does one think it just sits there? No. The bank uses one's money and pays one interest. That is not stealing. It is the same with Social Security. The trust fund is either used for programs or to pay down the debt. Interest is paid back in the fund. The Republicans are desperately trying to cover up the fact that, unlike the Democrats, they have no plan to extend the life of Social Security, and that is the ugly truth.
Source
govinfo.gov




