I would agree that my friend from South Carolina has fought for years to ban Congress from plundering the Social Security trust fund. He has been a leader in that fight. But the one thing I would point out is that the whole other side of the aisle has been voting time and time again this year against doing just that--locking up the Social Security trust fund so it can't be spent on other programs. Ever since the Social Security program was created, all the money that has been poured into it that is over and above that necessary to pay current Social Security benefits has been taken out and spent on other programs. That is not right. I and my friend from South Carolina agree with that. I know Senator Hollings, as he has said before--if somebody in the private sector were to reach into an employee's pension fund and take that money out and spend it for some other purpose than the employee's pension, they would go to jail under laws that we in Congress have passed.
Scott Fitzgerald: “I would agree that my friend from South Carolina has fought for years to ban Congress from plundering the Social…”
Editor's note · Context
Addressing the misuse of the Social Security trust fund during a floor debate.
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