On the recordJuly 1, 1999
Today is the 73rd day since we began the process of trying to move forward with a Social Security lockbox. I think, from every indication, we finally will begin to make some progress this morning. I hope this will be a rapid process from this point forward, that things will not be delayed much longer, and we can quickly come to some type of agreement for orderly consideration of this proposal. It is vitally important we not delay any longer. Since we introduced this amendment on April 20, the following has taken place: $22.2 billion more of the Social Security surplus or almost 20 percent of this year's surplus has been put in danger of being raided. The House voted 416 to 12 to pass their own version of a lockbox, a version that we could not consider in this body. The President himself has endorsed the idea of a lockbox and stated that Social Security taxes should be saved for Social Security. Yesterday, the Democratic leader indicated the Democrats would not block this motion to proceed. So I see this as a positive. What I have to say is very simple. It is clear that Americans, regardless of where they might live, believe their Social Security dollars ought to be used for Social Security.
Source
govinfo.gov




