Cass Ballenger: “there seems to be a fundamental difference of opinion between the Democrats and the Republicans on the issue of…”

“there seems to be a fundamental difference of opinion between the Democrats and the Republicans on the issue of retirement security. Just this past weekend a distinguished Member of the other body mentioned repeatedly that his father would not have known how to invest for his own retirement. He needed the government to do it for him. That same government that every few years tells us proudly they have fixed Social Security, only to discover that it is going bankrupt again. Mr. Speaker, the approximately 43 million Americans who own a mutual fund or retirement money invested in the stock market must really think that liberal Democrats take the Americans for fools. Or they might be laughing their way to the bank at the silliness of all these Washington-knows-best liberals who have so little faith in the ability of grown-ups to manage their own affairs that they are scandalized by the very idea that the average American ought to take advantage of the market prosperity, too. While the liberal elites get rich and talk about their 401(k) plans at cocktail parties, they would deny the same opportunity to ordinary Americans who have to rely on a retirement system that has gone bankrupt. What arrogance.”