Kendrick Meek: “Well, that is important, and that is what happens when we start talking about investing private accounts in a private…”

“Well, that is important, and that is what happens when we start talking about investing private accounts in a private system; we may say publicly traded or whatever the case may be. But I think it is important to understand that what is guaranteed also is the $940 billion to Wall Street that is guaranteed in the proposal or the philosophy that individuals have, somewhere around that number. Now, I do not have a problem with investments, this, that, and the other; but Social Security, like the gentlewoman said, and her definition is Webster's definition; it is not a Debbie Wasserman Schultz's definition. But let me say, what is interesting here, Mr. Speaker, that we must pay very close attention to is that there are some very fine Members of this Chamber that came to this Congress and we were here late one night in the 108th Congress and talked about, well, this will be the number as it relates to the medicare prescription drug issue. We have a number; this is how much it will cost Americans. And some folks ran around here on the floor and gave emotional speeches about how we have to get prescription drugs to the people, and it is too high, and this, that, and the other; and I have another editorial on that. But we were told by the administration that it will only be $350 billion. I mean, that is a big number. That is all it will be, so you do not need to be worried about it. Even though we are borrowing that too, that is all it will be.…”