Political Quotes

Tom Coburn: “The actual rate of return, real dollar rate of return on one's money that one puts into Social Security over the last 30…”

On the recordMarch 3, 1999
The actual rate of return, real dollar rate of return on one's money that one puts into Social Security over the last 30 years has been less than 1 percent per year. It has been six-tenths of 1 percent. Well, one could loan the money to one's grandkids at 2 percent and do three times better than what the Federal Government has done with one's Social Security money.
Said by
Tom Coburn
Republican · Oklahoma

Editor's note · Context

Discussing the low rate of return on Social Security during a floor speech.

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