Marshall Sanford: “I do. As we both know, it will not save Social Security in the long run, because we have this giant demographic shift…”

“I do. As we both know, it will not save Social Security in the long run, because we have this giant demographic shift coming our way as the baby boomers begin to retire in 2012, and there are 730 million. They are about double the size of the generation before and double the size of the generation after. In other words, it will not save us from that avalanche of graying in America, if you want to call it that, that is headed our way, but it would certainly be a step in the right direction. And most importantly, as the gentleman suggests, if Washington is to be trusted, we have to have, in essence, honest accounting. For us to say a trust fund, but it is not really a trust fund, is not honest accounting. For us to use Social Security moneys to in essence mask the size of the real operating budget here in Washington again is not an honest accounting. What I hear from folks back home in my district say is that they would like to see honest accounting, and they would like trust fund money to stay in its trust fund.”