I have just submitted an amendment here on behalf of myself as well as Senators Domenici, Ashcroft, Lott, Nickles, McCain, Frist, Crapo, Collins, and Grams. The amendment is the Social Security Preservation and Debt Reduction Act. It implements a sense-of-the-Senate resolution which we approved as part of the budget resolution just before our Easter recess. As you know, that sense-of-the-Senate resolution passed this Chamber on March 24 by a vote of 99 to zero. It said simply that we ought to truly protect Social Security by seeing to it that moneys in the Social Security trust fund are only used to fix Social Security or to pay down the public debt, and for no other purpose. We all agree that saving Social Security is our No. 1 priority in this Congress.
Editor's note · Context
Discussing the Social Security Preservation and Debt Reduction Act during Senate floor debate.
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