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The first priority of the Congress, as far as I am concerned, should be the rapid passage of the energy reform legislation. Later on this year, we will also present to the Congress comprehensive tax reform legislation. We will also have to present to the Congress very shortly our analysis of the needs for the social security package, and there are many other major proposals that are being evolved very carefully and presented to the Congress in a timely way. I'll have to depend upon, of course, the congressional leaders to decide in which order they will address these major efforts. As most of you, I am sure, are aware, these proposals that I have outlined fall on exactly the same committees. The Ways and Means Committee in the House, under Congressman Ullman, will handle most of the parts of energy that relates to taxation--tax reform, social security, as well as welfare reform. And all of the subcommittees will begin work immediately.
There is a danger that we legislate to feel good, not to do good. Nowhere is this truer than in social legislation. The warm glow comes quickly after passing a piece of law which is designed to raise standards for those in jobs; the chill of lost jobs because of lost competitiveness is felt more slowly... We should make our labour markets more flexible and job-friendly, and secure greater skill levels and cost control. That means not introducing new limitations on the labour market.
The two major items that the Congress is dealing with, of course, are social security and energy. We've had a very productive year so far, and I think when a tabulation is made of what the Congress has done, it will be well received. We've had a major agenda. The Congress committees have been heavily overloaded, and they've responded very well in my opinion. They certainly have my appreciation and admiration. In the energy package we've got five major programs. I'd say three of them have been successfully resolved. We have made a good bit of progress lately on the crude oil equalization tax; we still have natural gas pricing to go. But the committees are working in a very difficult, complicated, and politically unattractive field or subject. I think the American public is in favor of a comprehensive energy package being passed. But they are not in favor of some of the specifics that need to go in the package to make it effective. And I think the Congress has shown a great deal of both hard work, dedication, and courage in bringing us as far as they are. I hope that we'll have the complete work by the committees and a chance to vote on the energy package before Christmas. It all depends on unpredictable kinds of agreements between the House and Senate conferees. The other thing is social security. We faced when I came into office, as was the case in energy, a longstanding problem that nobody had been willing to address. It's not an attractive thing to do to provide adequate taxes to bring the social security reserve funds back into a sound position. The integrity of the social security system is of intense importance to most Americans. One of the reserve funds would have gone bankrupt in 2 years, another one probably 2 years, another one 5 years. And the Congress has moved on that. We now are down to the point of negotiating on particular subjects, the most controversial of which have absolutely nothing to do with social security. But they've been added on to the social security package, just as a legislative maneuver, so that they could be considered not on their own merits but as part of a package that, because it is attractive, might not be vetoed by me. We are trying to cut down on the very liberal add-on provisions in social security because somebody has got to pay for it. And the ones that have to pay for it, of course, are the families that still have workers. We are very concerned about this aspect of social security.
Social security must be achieved by co-operation between the State and the individual. The State should offer security for service and contribution. The State in organising security should not stifle incentive, opportunity, responsibility; in establishing a national minimum, it should leave room and encouragement for voluntary action by each individual to provide more than that minimum for himself and his family.
No hard-and-fast rule can be laid down as to where our legislation shall stop in interfering between man and man, between interest and interest. All that can be said is that it is highly undesirable, on the one hand, to weaken individual initiative, and, on the other hand, that in a constantly increasing number of cases we shall find it necessary in the future to shackle cunning as in the past we have shackled force. It is not only highly desirable but necessary that there should be legislation which shall carefully shield the interests of wage-workers, and which shall discriminate in favor of the honest and humane employer by removing the disadvantage under which he stands when compared with unscrupulous competitors who have no conscience and will do right only under fear of punishment. Nor can legislation stop only with what are termed labor questions. The vast individual and corporate fortunes, the vast combinations of capital, which have marked the development of our industrial system create new conditions, and necessitate a change from the old attitude of the state and the nation toward property.
Americans know economic security can vanish in an instant without health security. I ask Congress to join me this year to enact a patients' bill of rights, to give uninsured workers credits to help buy health coverage, to approve an historic increase in the spending for veterans' health, and to give seniors a sound and modern Medicare system that includes coverage for prescription drugs.
Our aim is not only to relieve the symptom of poverty, but to cure it and, above all, to prevent it. No single piece of legislation, however, is going to suffice. We will launch a special effort in the chronically distressed areas of Appalachia. We must expand our small but our successful area redevelopment program. We must enact youth employment legislation to put jobless, aimless, hopeless youngsters to work on useful projects. We must distribute more food to the needy through a broader food stamp program. We must create a National Service Corps to help the economically handicapped of our own country as the Peace Corps now helps those abroad. We must modernize our unemployment insurance and establish a high-level commission on automation. If we have the brain power to invent these machines, we have the brain power to make certain that they are a boon and not a bane to humanity. We must extend the coverage of our minimum wage laws to more than 2 million workers now lacking this basic protection of purchasing power. We must, by including special school aid funds as part of our education program, improve the quality of teaching, training, and counseling in our hardest hit areas. We must build more libraries in every area and more hospitals and nursing homes under the Hill-Burton Act, and train more nurses to staff them. We must provide hospital insurance for our older citizens financed by every worker and his employer under Social Security, contributing no more than $1 a month during the employee's working career to protect him in his old age in a dignified manner without cost to the Treasury, against the devastating hardship of prolonged or repeated illness. We must, as a part of a revised housing and urban renewal program, give more help to those displaced by slum clearance, provide more housing for our poor and our elderly, and seek as our ultimate goal in our free enterprise system a decent home for every American family. We must help obtain more modern mass transit within our communities as well as low-cost transportation between them. Above all, we must release $11 billion of tax reduction into the private spending stream to create new jobs and new markets in every area of this land.
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It is saddening because our SSS pensioners have waited long enough for this measure. There is no better time than now to have the SSS pension hike bill enacted into law, and I urge my colleagues in the Senate and members of the House of Representatives to do the right thing and vote to override the President’s ill-advised veto of this bill. We need to muster the two-thirds majority vote to override the veto. It may be difficult but we will try for the sake of our SSS pensioners.
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