I am going to be in Columbus, Ohio, tomorrow speaking on education when the President is visiting the Cleveland area to speak on Social Security. Now, the President has alternately asserted there is no Social Security trust fund or it is just IOUs. Here is a copy of the trust fund report from the Social Security Administration. There is a $1.68 trillion surplus in the trust fund. It will grow to $6.6 trillion by 2028. The IOUs the President speaks about are loans that are backed by the full faith and credit of the United States. Question: Is the President reneging on repaying the more than $637 billion his administration borrowed from the trust fund? Question: Is this a scheme for the administration to transfer Social Security wealth from tens of millions of American workers to pay for the tax cuts for the rich? A few weeks ago, I introduced a Resolution of Inquiry asking the President to produce documents to back up his claim there is no trust fund. If anyone in this House has those documents, make them public. Otherwise, support H. Res. 170, which requires the President to prove his assertion about the trust fund. This Congress was misled about Iraq. Let us not be misled about Social Security. We do not need a select committee, a Presidential commission, or a Senate investigation. We just need the House to support H. Res. 170. ____________________
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