On the recordApril 21, 2005
That is an important point, and I appreciate the gentleman making that point. But the point is that from one day to the next, we had a 200-point swing. Now, is that what people are going to be comfortable with in terms of their retirement security, in terms of ensuring that they have at least a minimum amount of money available for them when they retire? Because, for example, 20 percent of single retired women, most of whom are widows, the only source of their income is their Social Security. Now, if we invest it in the stock market and privatize Social Security, what are we going to do for those women when their nest egg that they banked on is not there because of fluctuations like the one that the gentleman from California (Mr. Dreier) just referred to? I just wonder.
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