Political Quotes

Marshall Sanford: I would say again, and I do not want to go off the subject, which again is rightly focused on honesty in accounting, and…

On the recordMarch 3, 1999
I would say again, and I do not want to go off the subject, which again is rightly focused on honesty in accounting, and that is if we, as my colleagues know, if we have to borrow money to get to run the surplus that we are running, most folks would say we are not running a surplus and therefore it is important to do something about spending. That is the primary thing we are talking about. But tied to that again is this issue of Social Security, and I think it is so important that when we look at security for Social Security, of the available choices which are cut benefits, raise taxes or grow the investment at a higher rate than we are growing at, that we simply take a page out of the Federal book, if my colleagues want to call it that. Because everybody from a senator to a janitor here on Capitol Hill has the option of going into basically a 401(k) plan, a savings plan, and in that plan they have got a limited number of investment choices.
Said by
Marshall Sanford
South Carolina

Editor's note · Context

Discussing the importance of honesty in accounting and Social Security funding options.

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