Texas 2011 - 82nd Regular

Texas House Bill HCR34

Introduced
1/11/11  
Introduced
1/11/11  
Refer
2/18/11  

Caption

Urging the United States Congress not to privatize the social security program.

Impact

Enactment of HCR34 would formally express the State of Texas' opposition to initiatives aimed at privatizing social security. The bill aligns with the sentiment that social security is essential for the well-being of older residents, particularly in light of economic vulnerability caused by stock market fluctuations. Moreover, it underscores the potential dangers of privatization, which could jeopardize the guaranteed income that social security provides to retirees, thereby affecting their quality of life and financial security.

Summary

HCR34 is a concurrent resolution urging the United States Congress not to privatize the social security program. It emphasizes the significant role that social security plays in securing financial stability for millions of elderly Americans, highlighting its historical success since the Social Security Act of 1935. The resolution references recent economic downturns that have intensified the dependency of older citizens on social security, which provides critical assistance preventing many from falling below the poverty line.

Sentiment

The overall sentiment surrounding HCR34 appears to be supportive, with a clear understanding of the critical role social security plays in safeguarding against poverty among the elderly. Despite the presence of certain opposition voices proposing privatization, the prevailing view in the resolution is that maintaining the integrity of social security is paramount, indicating broad support for preserving this essential program.

Contention

Notable points of contention revolve around the proposed concept of privatization, which proponents argue could provide individuals greater control over their retirement savings. However, the resolution counters this perspective by highlighting the risks associated with exposure to volatile market conditions and the historical failures of similar efforts in other countries. This juxtaposition emphasizes the value of the current social security system and warns against dismantling a program that fundamentally supports the financial security of the aging population.

Companion Bills

No companion bills found.

Previously Filed As

TX HCR20

Urging Congress to repeal the Government Pension Offset and the Windfall Elimination Provision of the Social Security Act.

TX SCR28

Urging Congress to repeal the Government Pension Offset and the Windfall Elimination Provision of the Social Security Act.

TX HCR38

Urging the United States Congress to investigate the anti-fiduciary practices of BlackRock CEO Larry Fink.

TX HR2305

Honoring Eddie Bernice Johnson for her service as a United States congresswoman.

TX HR2308

Honoring Eddie Bernice Johnson for her service as a United States congresswoman.

TX HCR50

Urging Congress to raise the federal minimum wage to $15 per hour.

TX SCR27

Urging Congress to Repeal the Windfall Elimination Provision.

TX HCR46

Urging Congress to pass legislation to protect children from the harms of social media.

TX HCR33

Urging Congress to pass the John Lewis Voting Rights Advancement Act.

TX SCR26

Urging Congress to amend federal law to allow states to provide for the consolidation of federally funded workforce development services with federally funded social safety net services.

Similar Bills

No similar bills found.