Pete Domenici: “For at least 10 years we have been struggling in this land with commission after commission, study group after study…”

“For at least 10 years we have been struggling in this land with commission after commission, study group after study group trying to tell us how we could repair Social Security so that it will be available in the next millennium, because of the terrible impact on that Social Security fund, of the actual demographics of America, and the baby boomers hitting pension time. Now, does it seem logical that after all of that discussion that essentially we don't have to do anything to save Social Security? I asked the question so I can answer it because I believe everybody that is working so hard at it would say the answer is, no; you can't fix Social Security by doing nothing for or to or in any way reform or change it. Now the only thing the President of the United States did in this budget is make a proposal that will never pass the Congress, that a tiny piece of this so-called surplus that belongs to Social Security be invested in the equities market of America by a government-controlled board, who would be subject to all kinds of pressures that would distort the market of America.”