Personal retirement accounts should be familiar to [members of Congress], because you already have something similar, called the Thrift Savings Plan, which lets [you] deposit a portion of [your] paychecks into any of five different broadly-based investment funds. It's time to extend the same security, and choice, and ownership to young Americans.—President George W. Bush
On cross-examination...
Social Security is simply a tax. Like all taxes, the money collected is spent immediately as general revenues to fund the federal government. The Social Security trust fund does not exist, and Social Security 'surpluses' are nothing more than an accounting ledger showing that contributions exceeded benefits paid for a given calendar year -- not that the excess was put aside. ... Allowing people to opt out of Social Security would force the federal government to admit it has been stealing money from Social Security for decades. ... No matter what politicians promise, Social Security reform will not change the fact that your money is taken from your paycheck and sent to Washington, where it will be spent.—Rep. Ron Paul
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