Political Quotes

“Well, this is a study by the General Accounting Office, and this is not a group with any stake in this debate. They are providing the strict analysis, and they find precisely that those that have gone not with the Social Security but with this alternative plan for the local public employees have not fared as well as they would have done under Social Security. As we approach this vitally important program, it is really important, because of its critical importance to American families, that we not deal with, you know, ideology and theories and concepts. If we would make this change, we would not be able to change back, and so it is vitally important that the research come up a good measure from what those favoring individual accounts are presently asserting. For example, they say that African Americans would benefit under a move to individual accounts. Today's study shows quite conclusively that African Americans would lose and lose big. They hold this out as an opportunity for modest income workers to accumulate wealth. Today's study shows that middle income, modest income workers lose and lose significantly, as opposed to the assurances they now have with Social Security. And then finally women, the biggest losers of all under the shift to individual accounts. I look at the perspective from my own family. I cite the three women in my life: my 78-year-old mother, my 46-year-old wife and my 5-year-old daughter spanning three generations.”