Political Quotes

Gilbert Gutknecht: “I want to come back to a couple of points that the gentleman from South Carolina (Mr. Sanford) raised, and I think they…”

On the recordApril 21, 1999
I want to come back to a couple of points that the gentleman from South Carolina (Mr. Sanford) raised, and I think they are very important points, the first of which is, and many Americans do not know this, that one of the most brilliant Americans, one of the most brilliant people of the 20th century, was, arguably, Albert Einstein. I think most people would agree with that. And he was the one who was once asked what the most powerful force in the universe was. And he said, somewhat in jest, the magic of compound interest. So when we have one of the most brilliant men of the 20th century talking about the magic of compound interest, it adds even more credibility. I have been giving this presentation on Social Security in my town hall meetings, and I talk about generational fairness.
Said by
Gilbert Gutknecht
Republican · Minnesota
Source
govinfo.gov

Editor's note · Context

Discussing the importance of compound interest and its implications for Social Security.

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