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insolvent

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  10. '15

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Occurrences in the Congressional Record

Entry Title Date
Providing For Consideration Of H.R. 427, Regulations From The Executive In Need Of Scrutiny Act Of 2015; Providing For Proceedings During The Period From July 30, 2015, Through September 7, 2015… July 28, 2015
Alcee Hastings, D-FL
"Just a few moments ago, the minority whip spoke to three issues; I include them in my commentary, but largely, one that all of us ought be interested in is the highway trust fund, which will become insolvent on August 1 if those of us sent here to Washington to govern do not come up with a solution."
Hire More Heroes Act Of 2015—Continued July 28, 2015
Jeanne Shaheen, D-NH
"I know the Presiding Officer appreciates that it was a visionary Republican President, Dwight Eisenhower, who championed the Interstate Highway System in this country. The National Interstate and Defense Highways Act of 1956—I think it is critical to think about the title of that bill which was not just about commerce, but it was also about defense. It was about the security of our country. It ensured dedicated Federal funding to build a network that today encompasses more than 46,000 miles of roadways. That system has transformed our economy and created countless millions of jobs, but it is now six decades old. Its dedicated funding mechanism, the highway trust fund, is chronically underfunded and just days from becoming insolvent. It is time for Congress to come together on a bipartisan basis to break the cycle of patchwork fixes."
Providing For Consideration Of H.R. 2898, Western Water And American Food Security Act Of 2015, And Providing For Consideration Of H.R. July 15, 2015
Dan Newhouse, R-WA
"Additionally, this legislation will also allow us to work on a resolution for the highway trust fund, which is facing a $90 billion shortfall. Failing to address the trust fund would have disastrous impacts across our country. If the trust fund were to go insolvent, many State transportation and infrastructure projects would grind to a halt, leading to furloughed workers and lost capital from investments on existing projects. The cost of shutting down and then restarting all of these projects would be astronomical and would end up costing our taxpayers much more in the long run."
21St Century Cures Act July 10, 2015
David Brat, R-VA
"Every mandatory program starts off with high hopes, but go to the trustee reports on the major mandatory programs today, and you will find that they are all insolvent by around 2030 as well."
Protecting Social Security Programs For Future Generations May 19, 2015
Tom Reed, R-NY
"Mr. Speaker, many people across the Nation have talked about Social Security and Medicare and the trust funds going bankrupt for the retirement fund and Medicare sometime in 2033, 2034, but, Mr. Speaker, there is a more impending crisis coming down upon us. The Social Security disability trust fund is scheduled to go insolvent in 2016. That means, if we do nothing, what is going to happen in 2016 is millions of Americans across this Nation who receive those lifesaving disability benefits monthly will see a reduction in their benefits to the tune of 20 to 21 percent. That is unacceptable, Mr. Speaker. "

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