senator coburn andary going to forward our proposal which is in legislative form to the joint select committee for their consideration, and we hope that they will include parts of it in their recommended legislation. i also believe it's essential for the joint committee to act to bolster the solvency of social security. many argue that social security is not contributing to the deficit because it has a positive balance in the social security trust fund, but what is in that trust fund? it's notes that the united states government has given to the social security trust fund every time we have borrowed from it, and of course we're bound to pay that money back. the fact is today that social security is running a deficit on a cash flow basis. in other words, the payments into the system are not as great as the payments out, and they will continue to do that in increasing numbers in the foreseeable future. what does that mean? it means that the social security trust fund has to come to the federal government to redeem the bonds that the government gave social security when it borrowed the

senator coburn andary going to forward our proposal which is in legislative form to the joint select committee for their consideration, and we hope that they will include parts of it in their recommended legislation. i also believe it's essential for the joint committee to act to bolster the solvency of social security. many argue that social security is not contributing to the deficit because it has a positive balance in the social security trust fund, but what is in that trust fund? it's notes that the united states government has given to the social security trust fund every time we have borrowed from it, and of course we're bound to pay that money back. the fact is today that social security is running a deficit on a cash flow basis. in other words, the payments into the system are not as great as the payments out, and they will continue to do that in increasing numbers in the foreseeable future. what does that mean? it means that the social security trust fund has to come to the federal government to redeem the bonds that the government gave social security when it borrowed the