Political Quotes

“I heard again yesterday Mr. Gore's attack on Governor Bush; that he was spending over the next 10 years the same $1 trillion twice, once to start up an investment account so that retirees could end up with more money, and once on Social Security benefits. I just wanted to set the record straight. Over the next 10 years, there will be $7.8 trillion coming in to the Social Security Trust Fund. Benefits, or the cost during the next 10 years, is going to be $5.4 trillion. That leaves a balance, a surplus, of $2.4 trillion, and $1 trillion out of that $2.4 trillion is what Governor Bush is suggesting to use during the transition to start setting up personal retirement savings accounts that will supplement Social Security and add to benefits. It will stay in Social Security. I think our goal has got to be to deal honestly with this problem; to get a better return on investments than the 1.9 percent that the average retiree now gets from the money sent in from the employer and employee.”