Mark Neumann: “I think the gentleman is bringing up a good point here. This issue is not just an issue for seniors or even just an…”

“I think the gentleman is bringing up a good point here. This issue is not just an issue for seniors or even just an issue for people that are 40 and over hoping to get Social Security. Let us talk for a minute about the impact of the Social Security Preservation Act on our people that are under the age of 40. Right now today with no money in the Social Security trust fund, these discussions that they are having about letting them privatize it or letting the people keep their own money in their own account, all of those discussions are not going to happen. The reason is because no one but no one can go to our seniors and say, ``I'm sorry, you don't get Social Security anymore.'' That is not going to work. Let me paint a different scenario. Suppose the Social Security Preservation Act had been in place since 1983 and in this kitty of money, this Social Security trust fund, there was now $550 billion, real money, and it is actually there. Then we could go to the senior citizens and say, ``Look, there is a savings account. Your Social Security check is safe.'' I am going to talk to these people under the age of 40. Some of them would like to put their own money into their own Social Security trust fund and take some of the responsibility on themselves for their own retirement.”