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Quote by George W. Bush

“It used to be, people were afraid to talk about Social Security. Now, I think people should be afraid not to talk about Social Security and start coming up with some solutions.”

Quote by George W. Bush

Author

George W. Bush
George W. Bush

George W. Bush served as the 43rd President of the United States, born on July 6, 1946. His presidency was marked by significant events such as the September 11 attacks and the Iraq War. Bush's political career and governance philosophy have been widely discussed and debated. more

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“Social Security should be phased out and ended altogether. ... Social Security in any form is morally irredeemable. We should be debating, not how to save Social Security, but how to end it - how to phase it out so as to best protect both the rights of those who have paid into it, and those who are forced to pay for it today. This will be a painful task. But it will make possible a world in which Americans enjoy far greater freedom to secure their own futures.”

“My financial adviser Ric Edelman...thinks the time to start educating people about money is when they are children. He's set up a retirement plan called the RIC-E-Trust that can provide retirement security. A $5,000 one-time tax-deferred investment at birth, with an average interest rate of ten percent compounded, means that a child would have $2.4 million when he or she is 65 years old. Who needs Social Security with that kind of nest egg?”