Political Quotes

Karen Thurman: “It was to also recognize that Social Security was never supposed to be what people would have to live off of. So if we…”

On the recordDecember 12, 2001
It was to also recognize that Social Security was never supposed to be what people would have to live off of. So if we could find these U.S.A. accounts or whatever magic name we wanted to call them, the fact of the matter was that they would be there for the purposes of folks who do not make but a small amount of money, and they would invest into this on their own to be matched. It gave them incentives. Mr. Speaker, guess what we have found. When people save, it is good for everybody in America. It is part of the economy. Savings is a part of what we rely on. So there was a plan with an outcome that was good for everyone and with no false hopes.
Said by
Karen Thurman
Democratic · Florida
Source
govinfo.gov

Editor's note · Context

Discussing the role of savings and Social Security in the economy.

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