Political Quotes

“That is correct. They cannot sell below par. They cannot be sold below what they were sold for. That is a good protection because there are bonds, a fair number of bonds, in the market that go up and down. You sometimes have to sell your bond at less than what we call par value, but that is the marketplace. You have a $1,000 bond. You want to sell it. You can only get $900 for it. That is not true of Social Security bonds. So the Government has promised to redeem them at least at what they call par value. So I support this, Mr. President. I think it is a good provision. I think it will heighten the awareness of the Social Security Administration and let people know that even though the money they are now paying in is spent for things they probably like--education, environment, Forest Service, Coast Guard--indeed, their money is safe so long as the Government is safe. And if the Government is not safe, it is not just Social Security that is in trouble; it is everybody that has any investment in any State in this country. I thank the Chair and I hope we will pass the bill.”