On the recordMarch 1, 2005
I think that is a telling point and I appreciate her sharing that story because I will use it to further make a point on this. What we have to realize is that this is a program that helps a lot of people, too. It is not just the 70 percent of the program that goes to the retirees. This also has survivorship benefits in it. It also helps people who are disabled, blind, deaf, whatever the situation may be. This is something that brings a lot more value to our society than just the numbers that we put up on boards here in the House Chamber. There is more to this whole deal here than just money. This is about helping people and this was about bringing dignity to people so that they would not have to work until they died. It lifts seniors out of poverty. All our parents and grandparents recognize that. I think if the President says, like he said, 55 and over, you are fine, you are all right, which implies that if you are 55 and under, you better look out because we are not sure what is going to happen. If we really wanted to help kids, students right now, and that is sometimes how he pitches this, hey, these young people would be able to go save in a private account. If you really want to help these college students, increase the Pell grant more than $100 a year for the next 5 years. Let us help these kids reduce their college debt. They are graduating from college on average with about a $20,000 debt already which takes away from our national savings.
Source
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