Mark Neumann: “If there is any business owner in America today that set up a pension fund for his employees or her employees and then…”

“If there is any business owner in America today that set up a pension fund for his employees or her employees and then did not put the money in the pension fund, put in nonnegotiable instruments owned by the company, or IOU's, as USA Today calls it, as well as several others, that business owner would be locked up in jail. Also it would be illegal. What is being done in the trust fund and private sector would not be permitted. That is why it is so important to get the National Debt Repayment Act and Social Security Preservation Act put into place to preserve Social Security for our seniors. Before we begin that discussion, as far as I am concerned, I want to make sure the money that is supposed to be in the trust fund to preserve Social Security for our seniors today is put back into that trust fund. We capped the growth of Government spending at a rate slower than the rate of revenue growth, and it is very clear on this chart what happens. When spending is going up slower than the revenue growth, we create this surplus.”