Political Quotes

“If we do not get a better return on the investment, we are in for real problems. Governor Bush has suggested that we have some real investment that stays within Social Security; that is not going outside of the Social Security system, but simply allows a better return on some of the money. We can do better. As we know, you can get a CD and do better than a 1.9 percent return. Any return that we can expand over and above 1.9 percent on average is going to mean that retirees live a better life. My oldest grandson's name is Nick Smith. Maybe that is my immorality. But Nick painted the fence for us this past year. He made $180, and I said, Nick, you really need to put some of that into a Roth IRA. Then I went through the tables year by year on the magic of compound interest. So we went year by year and found out that by age 66, he would have almost $70,000; and if he waited until he was 72 to take that money out at the rate investments have been earning money over the last 100 years on average, it would end up $140,000.”