Marshall Sanford: “The reason I think that is so important is, more than anything, and this is again what the chairman of the Federal…”

“The reason I think that is so important is, more than anything, and this is again what the chairman of the Federal Reserve, Alan Greenspan, said, that you have to create a firewall between political forces in Washington and that money. If there is not a firewall, most certainly the money will be borrowed against, which is what has been happening over the last 30 years, to fund other areas of government. So if you are going to create that firewall, again I come down on the side of individual accounts, not only because of the firewall but also because of the way this place works. It is interesting, it sounds enticing, let us invest collectively, we will get the higher return and we will take risk out, but by leaving it there, it leaves Washington's hands in it and that means a couple of things. It means, one, I do not think you can serve two masters.”