Political Quotes

Bill Lee: “It could be leveraged up to 20, $30 billion. And that is the problem. I would just say it is a drop in the bucket in…”

On the recordSeptember 23, 2004
It could be leveraged up to 20, $30 billion. And that is the problem. I would just say it is a drop in the bucket in terms of what is possible under this type of arrangement with regard to a trust fund. Several States have trust funds that have funds that have been established. This would put 35 to 40 million in each State into a trust fund. That would actually help trust funds that have been established or start new trust funds, and the Federal Government would be a major player in that and should be proud of what it would do for its people.
Said by
Bill Lee
Republican · Tennessee

Editor's note · Context

Discussing the potential impact of trust funds during a congressional debate.

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