Senior citizens and all Americans deserve to know that Medicare and Social Security will be there when they need it. Yet for years, politicians in Washington have shortchanged Medicare and Social Security by spending these limited resources on wasteful, big government programs. The Social Security and Medicare Lockbox Act of 2001, which is H.R. 2, would lock away all surpluses from the Social Security and Medicare Trust Fund. This bill locks up the $2.9 trillion surplus from the Social Security and Medicare Trust Fund. This was overwhelmingly passed by the House of Representatives in the last Congress. Yet it was stymied by the Democrats in the Senate. Mr. Speaker, we have a unique opportunity this year to provide meaningful tax relief for hardworking Americans while guaranteeing the Social Security and Medicare Trust Funds remain untouched. We have promised our seniors that Social Security and Medicare will be there for them. This lockbox legislation will help to deliver on that promise.
Editor's note · Context
Discussing the importance of protecting Medicare and Social Security funding.
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