Patrick Toomey actually said...

"I think we are kidding ourselves if we think that somehow everything is fine for several decades because we have this nominal trust fund that we treat as though it were real assets, and it is fundamen..."

"Some have suggested that we ought to reduce the amount that Americans can save in tax-deferred accounts. I think that is a bad idea."

"So is it fair to say that, economically, there are no real assets backing up the certificates in the trust fund and the existence of the trust fund does not have any impact whatsoever on the overall a..."

"A second point I would make is that we have to make sure that Social Security is going to be there for future generations."