Presidents -- United States -- Messages; United States -- Politics and government -- Sources
Just 10 days ago, after months of debate and deadlock, the bipartisan
Commission on Social Security accomplished the seemingly impossible. Social
security, as some of us had warned for so long, faced disaster. I, myself,
have been talking about this problem for almost 30 years. As 1983 began,
the system stood on the brink of bankruptcy, a double victim of our
economic ills. First, a decade of rampant inflation drained its reserves as
we tried to protect beneficiaries from the spiraling cost of living. Then
the recession and the sudden end of inflation withered the expanding wage
base and increasing revenues the system needs to support the 36 million
Americans who depend on it.
When the Speaker of the House, the Senate majority leader, and I performed
the bipartisan--or formed the bipartisan Commission on Social Security,
pundits and experts predicted that party divisions and conflicting
interests would prevent the Commission from agreeing on a plan to save
social security. Well, sometimes, even here in Washington, the cynics are
wrong. Through compromise and cooperation, the members of the Commission
overcame their differences and achieved a fair, workable plan. They proved
that, when it comes to the national welfare, Americans can still pull
together for the common good.
Tonight, I'm especially pleased to join with the Speaker and the Senate
majority leader in urging the Congress to enact this plan by Easter.
There are elements in it, of course, that none of us prefers, but taken
together it performs a package that all of us can support. It asks for some
sacrifice by all--the self-employed, beneficiaries, workers, government
employees, and the better-off among the retired--but it imposes an undue
burden on none. And, in supporting it, we keep an important pledge to the
American people: The integrity of the social security system will be
preserved, and no one's payments will be reduced.
The Commission's plan will do the job; indeed, it must do the job. We owe
it to today's older Americans and today's younger workers. So, before we go
any further, I ask you to join with me in saluting the members of the
Commission who are here tonight and Senate Majority Leader Howard Baker and
Speaker Tip O'Neill for a job well done. I hope and pray the bipartisan
spirit that guided you in this endeavor will inspire all of us as we face
the challenges of the year ahead.
Nearly half a century ago, in this Chamber, another American President,
Franklin Delano Roosevelt, in his second State of the Union message, urged
America to look to the future, to meet the challenge of change and the need
for leadership that looks forward, not backward.
Public-domain text, read in full here on John Shaqi.
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