Marshall Sanford: “This just goes back to what we were talking about, which is the very poor rate of return that could be projected for…”

“This just goes back to what we were talking about, which is the very poor rate of return that could be projected for future retirees in the current system. That is not to say that Social Security has not done a lot of good for my mom or my grandmom. It is simply a question of the demographics that are coming our way that the gentleman outlined earlier. That translates to a real squeeze in the system and a real squeeze in terms of the rate of return that a young worker can expect to get out of the current system. One of the things I most frequently hear from folks back home is, ``You know, Mark, if you all would just keep your hands off my Social Security money, I would have been fine.'' And we actually looked into that, and it turns out they are right. Because if the surpluses that had come along in past years... if that money had simply gone into the S&P 500, it would today be worth $1.17 trillion.”