On the recordMarch 3, 1999
Of the available choices, I mean, it seems to me that the most reasonable of those three choices would be growing the assets of the trust fund at a higher rate. And then the question simply is, well, do we do that collectively, which is essentially what the President had proposed with investing a portion of the trust fund in equities, or do we do that through individual accounts? I just think it is worth stressing that in my look at this problem, the idea of an individual account and not a laissez faire, good-luck-grandmom-hope-you-make-it-when-you-retire kind of account, but the idea of a controlled personal account with a lot of different safeguards, just as a janitor here on Capitol Hill would have through the Thrift Savings Plan.
Source
govinfo.gov
