Political Quotes

Paul Gosar: “Well, everybody knows the analogy of a bank. When you put money in early, and let it build up in a rolling account…”

On the recordFebruary 14, 2011
Well, everybody knows the analogy of a bank. When you put money in early, and let it build up in a rolling account, compounding interest, you grow to a bigger fund. That's the opposite of what's happening here, reverse compounding interest. We are building up more and more people on the rolls with fewer and fewer people actually helping out to support it. The last part is, is that we have an economy that is lagging way behind. We are still over 9 percent for how many months now? And what we have to do is, in order to create a better economy, that's what's going to help us service these programs and get people involved. So it's a variant equation that we have to work by.
Said by
Paul Gosar
Republican · Arizona
Source
govinfo.gov
Feb 14, 2011

Editor's note · Context

Gosar discusses the economic challenges and their impact on social support programs.

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