2/07/2005

Who Said It?

Now here's a gem of a quote from 2002...

If you don't like privatizing Social Security and I don't like it very much, but you want to do something to try to increase the rate of return, what are your options? Well one thing you could do is to give people one or two percent of the payroll tax, with the same options that Federal employees have with their retirement accounts; where you have three mutual funds that almost always perform as well or better than the market and a fourth option to buy government bonds, so you get the guaranteed social security return and a hundred percent safety just like you have with Social Security.
Why, that's President Clinton, addressing the Democratic Leadership Council on December 3rd, 2002. Not a bad idea, Bill. Maybe someone will pick it up and run with it!

The full text of President Clinton's comments are at The Clinton Foundation.