Political Quotes

“So there is also a third agenda here. We were not necessarily both here at this time, but a few Republican administrations ago, there was an attempt to privatize Social Security, to take, you know, the corpus and move that money into the hands of the private sector for them to manage the money and, of course, charge a fee or a commission for the management of the money. The Social Security trust fund, if sort of fully handed over to investors on Wall Street, could make a lot of money for that industry. The American people rose up against that. It was stopped in its tracks. But that is still a priority for a lot of allies of the President, to get their hands on that money inside Social Security. And, again, I am previewing a future conversation, but I keep on making the analogy to what is happening inside the education space because those same industries--whether it was the investment banks or private-equity firms--get wide-eyed at our public education dollars as well because they would love to get their hands on those public education dollars and have private equity companies running our elementary schools, middle schools, and high schools and skimming a little bit of money off the top to pay back their investors.…”