Quote by Max Baucus
The Social Security trust fund is in pretty good shape today and we should not embark upon risky, dangerous schemes which will, in fact, undermine Social Security, such as privatization.
Summary
This quote emphasizes the importance of maintaining the current state of the Social Security trust fund. It argues against adopting privatization strategies that may pose a threat to Social Security. Privatization involves allowing individuals to manage their own retirement funds, instead of relying on the government-administered system. The quote suggests that privatization could be seen as risky and dangerous, potentially destabilizing the secure status of Social Security. Thus, it recommends against implementing such schemes in order to preserve the overall sustainability and reliability of the Social Security system.
Topics
Trust
By Max Baucus
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