On the recordJune 27, 2005
Right. And if the gentleman from Florida will continue to yield, the new system, the new plan that they have where they give the money to Social Security and they put it in side accounts, they are going to invest it in T bills just like Social Security is. So there is no real advantage. The argument in the first proposal was that we are going to put it in a private account and they are going to be able to gain all this extra interest. Now the new proposal is saying they are going to take it and put it in a private account and they are only going to be able to invest it in T bills just like Social Security is now. So it is just getting more and more ridiculous. It is like a comedy of errors. Every single new proposal is worse than the last proposal. And I think they need to just work with us, work with our side, let us get a solution, make it more solvent, move forward, and start addressing poverty and health care and all the other issues here.
Source
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