    [Public Papers of the Presidents of the United States: George W. Bush (2005, Book I)]
    [February 10, 2005]
    [Pages 213-222]
    [From the U.S. Government Publishing Office www.gpo.gov]

    Remarks in a Discussion on Strengthening Social Security in Blue Bell,
    Pennsylvania
    February 10, 2005

        The President. Thank you all. Please be seated. Thank you. Thanks a
    lot. Senator Santorum read that just like I
    wrote it. [Laughter] Thanks for coming. I appreciate Rick--I call him
    Rick--for coming over from Washington. Today the United States Senate
    did something constructive. They voted to reform class-action lawsuits
    so that frivolous lawsuits won't drive up the cost of doing business in
    America and so that people--and I want to thank you for your leadership
    on that issue, Rick.
        I appreciate so very much Karen Stout,
    the president of Montgomery County Community College, for having us. I
    want to thank all the professors and students who are here. If you're a
    younger student here at Montgomery Community College, this is a really
    interesting conversation for you to hear. I mean, it's important that
    you listen.

    [[Page 214]]

        I want to thank our panelists who are here. I want to thank the
    county commissioners who are here, Jim Matthews being the chairman. Appreciate you, Mr. Chairman. Yes,
    lousy seat, doing a fine job, though.
        I love the community college system in America, and I'll tell you
    why. Community colleges are flexible, available, and affordable.
    Community colleges can adjust curriculum to meet the needs of the time.
    Community colleges are a--Rick mentioned the
    word ``hopeful''--a really hopeful place for people to gain the skills
    necessary to fill the jobs in a changing world.
        And so I asked Karen, I said, ``Have you
    got anything going on here that's different from the past?'' She said,
    ``Quite a few things. We've got a biotech curriculum now that will train
    workers for the jobs which actually will exist.'' She said, ``We've got
    a fantastic nursing program. There's a huge demand for nurses.'' And she
    talked about medical assisting programs. I mean, there's a lot going on
    here, which says to me--it speaks for the vitality of an education
    system that's capable of adjusting to meet needs.
        And so I want to congratulate those of you who support your
    community college system. I assure you that I will work with the
    Congress to see to it there's funding available to make sure people are
    trained for the jobs which will exist as we head into the 21st century.
    Thanks for having us. It's a fitting place to talk about the future, in
    an institution that is so dedicated to the future.
        Today when I landed, I met David Bulkley.
    I don't know where David is. I hope he got a better seat than the
    chairman. There he is--yes, you did. [Laughter] I'm glad you're here,
    David. David is what we call a USA Freedom Corps volunteer. He is a
    mentor. And the reason I like to herald folks like David is that the
    true strength of America lies in the hearts and souls of our citizens.
    If you really think about it, we're a remarkable country because there
    are millions of people who are willing to take time out of their busy
    lives to volunteer to help somebody else.
        David chose to do so through Big Brothers/
    Big Sisters Amachi Mentoring Program. It is a fabulous program. It's one
    to help youngsters whose mom or dad may be incarcerated. It is a
    necessary program. It is a vital program, and it works because loving
    people are willing to support it. If you're interested in serving your
    country, if you want to make your community a better place, feed the
    hungry, find shelter for the homeless, and surround somebody who hurts
    with love, just like David Bulkley has done.
        I appreciate the example you've set, and thank you for coming.
        Before I talk about Social Security, I do want to talk about a few
    other issues. You know, when the President gets the mike--[laughter]--I
    told her, she said--Laura said, ``Where are you
    headed today?'' I said, ``I'm going down to North Carolina, and then I'm
    going to Pennsylvania.'' She said, ``Let the panelists talk.''
    [Laughter] She knows me well. [Laughter]
        But I do want to talk about what a hopeful--how hopeful the world
    has been recently. There's been--some amazing things have happened. The
    people of Afghanistan voted for a President.
    Millions of people went to the polls after the country was rid of the
    Taliban. We acted in our self-defense in two ways: One, we rid the
    country of the Taliban that was fostering and providing safe harbor to
    Al Qaida, which had attacked our country, but we also enhanced our
    defense by working with that country to promote democracy--democracy in
    the part of the world that a lot of folks said it's just impossible to
    happen. But I don't subscribe to that kind of doubt or cynicism because
    I believe deep in everybody's soul is the deep desire to live in
    freedom.
        And the Afghan people, when given that chance--I say that our
    security is more enhanced because democratic societies are

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    peaceful societies. Democracies promote peace as they listen to the
    hopes and aspirations of their people.
        And then there was the vote in the Palestinian Territory. And I want
    to commend President Abbas for
    his leadership, his desire to fight off the terrorists so that a
    democracy can evolve in the Palestinian Territories, which will make it
    more likely we'll have peace with Israel.
        And of course, the Ukrainian elections were a great inspiration for
    all. I'm looking forward to meeting President Yushchenko on my trip here to Europe. I think I'm going a week
    from today--2 weeks from today--soon--[laughter]--before the month is
    out. [Laughter]
        And then, of course, a week ago Sunday, something amazing happened--
    that in spite of terror and fear and assassination attempts and threats,
    millions of people in Iraq went to the polls to say, ``We will not be
    intimidated. We want to be free.''
        These are important events. They're incredibly important events. And
    I don't know if you suffered through the State of the Union, but there
    was an amazing moment where the Iraq human rights activist who voted and the mom of
    the fallen marine hugged, which spoke volumes to me about, one, the
    appreciation of the Iraqi people for the sacrifices being made on their
    behalf and, secondly, a mom honoring a fallen soldier, honoring her son.
    And I hope she realized then and I hope you all do, too, that by having
    a free society, not only are we more secure in the short run, but in the
    long run our children are more likely to grow up in a peaceful world.
    Freedom is on the march, and for the next 4 years as your President, I
    will continue to work with friends and allies to spread freedom and
    therefore peace around this world.
        A couple of other things I want to talk about. The economy is
    moving--created 146,000 new jobs in January. The national unemployment
    rate is 5.2 percent. People are working. The fundamental question is,
    how do we keep it growing? I'm a big believer in legal reform. Today, I
    mentioned, the Senate took a big step. The House will then respond. I
    hope to be signing the bill relatively quickly. We need to do the same
    thing for asbestos lawsuits. We need to fix the system. Legal reform is
    an important part of making sure America is the best place in the world
    to do business and that the small-business sector remains strong and the
    entrepreneurial spirit is vibrant.
        And so is good budget policy. I submitted a good, lean budget to the
    United States Congress the other day. I've heard from business leaders,
    both large and small. I've heard from community activists. I've heard
    from Members of both sides of the aisle say, ``Let's do something about
    the deficit.'' I said, ``All right, let's go, and here's a budget.''
        And inherent in that budget is, one, Government must set priorities.
    And when Government finds programs that aren't working, it must have the
    courage to eliminate them. And that's precisely what our budget does.
    It's a budget that sets priorities and a budget that makes it clear we
    will be wiser about how we spend the taxpayers' money. And I expect
    Congress to pass that budget.
        We have an obligation to confront problems. Again, I want to talk
    about Social Security, which for years has been called the third rail of
    American politics. If you touch it, you expire politically. [Laughter]
    But I believe the job of the President is to confront problems, not to
    pass them on, not to say, ``Okay, somebody else will solve it.'' And so
    I want to talk about Social Security, just like I did in the State of
    the Union and like I will do over and over and over again around this
    country to make it clear we have a problem.
        And here's the problem. Rick mentioned it.
    I want to, again, say what he said. Baby boomers like me are fixing to
    retire, and there's a lot of us. There's a whole bunch more of us than
    perhaps at any other time

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    in our history. And yet we're living longer, and the Government has
    promised us greater benefits than the previous generation. And yet, as
    Rick mentioned, fewer people are paying into the system. So you can see
    the math. You've got more people living longer, getting greater promises
    with fewer people paying for it, which means, in the year 2018, the
    system starts to go into the red--in other words, more money going out
    than coming in.
        Now, one of the myths about Social Security is there's a pile of
    money sitting there accumulating, because you put money in, the
    Government saves it for you, and then when you retire, you get it out.
    That's not the way the system works. Every dime that goes in from
    payroll taxes is spent. It's spent on retirees, and if there's excess,
    it's spent on Government programs. The only thing that Social Security
    has is a pile of IOUs from one part of Government to the next. This is a
    pay-as-you-go system.
        And so therefore, when you have more retirees living longer for
    greater benefits with fewer people paying in, the system inevitably will
    go into the red. In 2018, 13 years down the road, it starts to go
    negative. And every year thereafter, the situation gets worse--in other
    words, more money is required to meet the promises, so that by the year
    2027, the Government is going to have to come up with 200 billion
    additional dollars above and beyond the payroll taxes to meet promises;
    and greater the next year and greater the next year; 300 billion in
    2037; until 2042, it's broke. And that's the dilemma we're faced with.
        And the fundamental question is, are we willing to confront it? And
    so my first mission is to travel our country making it clear to people
    of all political parties, all demographics, we've got a problem. And you
    can define it ``crisis,'' ``big problem,'' whatever you want to define
    it. All I ask is that you look at the chart, and you can define the
    problem however you want to define it. If you're a young person who's
    going to have to tote the bill, I would call it a significant problem.
        Now, it is not a problem for people who've retired and are near
    retirement. And so part of the reason I'm going to travel the country is
    not only to say to folks, ``We got a problem, and here it is,'' but,
    ``If you've retired, the system is in good shape for you. You don't have
    a darn thing to worry about. I don't care what the ads say. I don't care
    what the spinners say. You're in good shape. The system will meet its
    promises to you.'' And that's an important thing for seniors to hear,
    because I fully understand a lot of seniors rely upon Social Security.
    There's a lot of folks that count on this very important program in
    order for them to live.
        And so for the next weeks, I'll be continually traveling our country
    saying two things: One, we've got a problem; and two, if you've retired
    or near retirement, born before 1950, you don't have a darn thing to
    worry about; the system will meet its promises.
        Now, once people see there's a problem, the next question is going
    to be, what are you going to do about it? And I have an obligation to
    participate in the process. As Rick mentioned,
    my predecessor, President Clinton,
    addressed this issue. And there was a lot of interesting ideas that were
    floated about how to permanently fix Social Security. There's no need to
    put a bandaid on it now. Now is the time. If we're going to address it,
    we might as well fix it forever. And so we talked about different ideas.
    And as I said in my State of the Union, all ideas are on the table. If
    you've got a good idea, whether you're Republican or Democrat, bring it
    forth. People should feel free to be able to debate this issue without
    fear of political reprisal.
        Now, I've got some ideas myself. And one of the ideas is to allow
    younger workers to take some of their own money and set up a personal
    retirement account. The idea is to allow a younger worker to be able to
    earn a better rate of return on his or

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    her money than that which is being earned as a result of the Social
    Security money going through the Federal Government. It's called the
    compounding rate of interest.
        I'm not going to try to get on your turf. I was history major, C
    student. [Laughter] There's hope for you C students; there's hope for
    you. But let me give you an example of the compounding rate of interest.
    Now, the program that we're suggesting to Congress is that personal
    accounts start slowly so that we can better fund the transition to
    personal accounts, and that eventually, though, workers should be able
    to set 4 percent of their payroll taxes aside in a personal account.
        So assuming that the 4-percent level is reached, a person earning
    $35,000 a year over their lifetime, setting aside 4 percent of the
    money, with the compounding rate of interest, by the time he or she
    retires, will have a nest egg of $250,000. Now, that's a capital base
    from which that person can draw money to supplement his or her Social
    Security check she'll be getting, however great that may be. So the
    personal account will be able to earn money over the course of time at a
    greater rate than the money that the Government holds. And that's
    important.
        Now, people say to me, ``What does a personal account mean? Is there
    an example of a personal account? Tell me--this sounds like a brandnew
    idea.'' It's not a new idea. If you're a Federal employee, you've got
    what's available--what's called a Thrift Savings Plan that says you can
    take some of your money and invest it in stocks and bonds. So we've done
    this before. My view is if it's good enough for Federal employees, it
    ought to be good enough for younger workers. In other words, it's an
    attractive way for people to build assets. We ought to, in Washington,
    at least be consistent in our thought. We ought to be fair in our
    dealings with people.
        People say, ``Well, what kind of investments could I invest in?''
    Well, obviously, we're not going to let you take your money and put it
    in the lottery. That would mean you wouldn't have anything left, in all
    due respect to those people who run the lotteries. Lotteries aren't
    meant for you to win. [Laughter] They're meant for a few people to win
    at best. Or you can't take it and shake dice at the local casino to try
    to enhance your return. In other words, there will be--the types of
    investment vehicles you'll be investing in will be regulated. There will
    be a conservative mix so that the risk is held down but the reward is
    greater than that which is in the Social Security trust.
        People say, ``Well, when I--if I'm the 35,000-a-year person, and
    I've got the 250,000 upon retirement, can I draw it all out?'' No. You
    can't draw it out--all out. It is meant there to supplement your Social
    Security check. In other words, it is part of a retirement fund.
        The distinct advantage of this is not only a greater rate of return,
    it's your own assets. I think there is something incredibly vital about
    a society in which people own something. And we want more people owning
    things in America, your own home, your own business, and owning and
    managing your own retirement account. I think it's a healthy thing for
    people to be able to have a quarterly statement, watching their asset
    base grow. It certainly would cause people to pay attention to the
    economic policies of the Federal Government. And I know that an account
    will be a vital part of a person planning for their future.
        So, for example, if this person decides not to take all the money
    out of the account over time to retire, he could pass it on or she could
    pass it on to whomever she chooses. It becomes a part of a family
    legacy.
        And so personal accounts have got a lot of advantage. And they're a
    new thought in terms of Social Security, but I think over time, as this
    debate takes place, people will see they're an essential thought.
    Personal accounts alone will not solve the problem. But personal
    accounts coupled with other

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    reforms that fix the problem will make it more likely a younger worker
    is going to get the benefits that the Government has promised--closer to
    the benefits the Government has promised. And that's important.
        And so I'm looking forward to not only talking about the problem and
    the need for those of us who have earned the trust of the people to do
    something about it, but also to reassure the American citizens who've
    retired, ``You don't have a thing to worry about. You're going to get
    your check,'' but also say to young people, ``You better pay attention
    to this issue. If nothing happens, you're going to get stuck with an
    enormous tab: 200 billion in 2027; bigger every year until it's
    bankrupt. The longer we wait, the more severe the fix becomes.''
        We have an obligation and a duty to confront problems and not pass
    them on to future generations, and that's what we're here to talk about
    today.
        And we're going to start with Olivia Mitchell. Olivia, you live in Pennsylvania. What do you do?
        Olivia Mitchell. Thank you very much,
    Mr. President. It's a pleasure and a delight to be here. I teach at the
    Wharton School at the University of Pennsylvania. And I have to say I've
    been teaching in the area of Social Security and retirement for, shall
    we say, more than 25 years. What I have found over the years is that it
    takes an enormous amount of effort to get young folks to care about
    retirement planning. But this year, Mr. President, you've made a
    difference, because this year they're sitting up and paying attention.
    In fact, I was even able to get my 16-year-old daughter, sitting over
    here, to attend. So I thank you for that.
        The President. Don't mention her. [Laughter] I tried that once,
    introduced my 16-year-old daughters, and they didn't speak to me for months.
    [Laughter]
        You know, since she talked about young people--sorry to interrupt--
    I'm not listening to Laura, obviously. [Laughter]
    Somebody told me an interesting--they saw a survey that said younger
    people believe they're likely to see a UFO than get a Social Security
    check. [Laughter] Anyway. [Laughter] I don't know if it's true.

    [At this point, Dr. Mitchell, director, Pension Research Council,
    Wharton School, University of Pennsylvania, made brief remarks.]

        The President. Thank you.
        Robin Reedy, you ready to go?
        Robin Reedy. I'm ready as I'll ever be.
        The President. If that's the case, speak in the mike. [Laughter]
        Ms. Reedy. Yes, okay. I'm sorry. [Laughter]
    Guess I wasn't ready. [Laughter]
        The President. Robin has got a compelling
    story. Why don't you share your story with us, please.

    [Ms. Reedy, widow, Camp Hill, PA, made brief remarks, concluding as
    follows.]

        Ms. Reedy. Without the income from my
    husband and without the future income that he is going to be providing,
    I am really struggling now to try to come up with a plan that can keep
    me going if, God willing, I'm around for another 20 or 40 years.
        The President. You look like you will be.
        Ms. Reedy. Thank you. [Laughter] I hope so.
        The President. She claims she's a
    grandmother.
        Ms. Reedy. Guys, if you're out there, hi.
    [Laughter]

    [Ms. Reedy made further remarks.]

        The President. Her husband pays into the
    system; he passes away unexpectedly; and for a period of time, there
    is--the money he has contributed has no value to her.
        Ms. Reedy. It's gone. He put it in--for 45
    years he's paid money in there.
        The President. Now, there will be survivor benefits starting at the
    age 60.
        Ms. Reedy. Some, yes.
        The President. But not nearly as much as he put in. And the point of
    a personal

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    account is that, for peace of mind in this case, there would be a nest
    egg, your money, your assets, that--on which you could live. And that's
    one of the benefits. And the system has worked great for a lot of
    people. But there are some glaring errors, and here is one. And a
    personal account, an asset base, helps address that error.
        Ms. Reedy. It would be something that would
    be mine, and it would not belong--go back to the Government.
        The President. Absolutely. Are your kids taking care of you?
        Ms. Reedy. Are my kids--oh, my kids are
    great.
        The President. Well, good, keep doing it, kids.
        Ms. Reedy. They help. They're wonderful.
    They're wonderful.
        The President. Listen to your mother as
    well. [Laughter]
        Ms. Reedy. But I think a lot of the young
    women here need to realize, too, that--and I didn't realize this until I
    became a widow, that by the age of 60, one in six of us will be widows.
    I mean, that's just a statistical fact. And that goes up--it goes up
    very rapidly after that. So to have something like that that is left
    behind to you, that can help you through a very difficult period, I
    think would be a very, very good thing. It would be a godsend, and it
    would be fair, and it would be just.
        The President. Good job. Thanks for coming.
        All right. Sukha Brooks.
        Sukha Brooks. Hi, good evening, Mr.
    President.
        The President. Sukha, where do you live?
        Ms. Brooks. I live in Morton, Pennsylvania.
        The President. Morton, Pennsylvania.
        Ms. Brooks. Morton, Pennsylvania.
        The President. And?
        Ms. Brooks. I'm currently going through a
    divorce, and I have three children. Social Security is very important to
    me. I'm 37 years old. I have an 18-year-old that's started Delaware
    County Community College, and she's majoring in education. She's--her
    aspirations are to become a teacher.
        The President. Good, that's good--noble.
        Ms. Brooks. Two more children, and Social
    Security is very important, being a single mother. We anticipated a lot
    more investing on my husband's side. I work for a small business, so we
    did a lot of the investing through his company. And now at the age of
    37, I was happy that--when you talked about this revamping Social
    Security, particularly on the aspect of personal accounts, because I
    need to make up some lost time. And I think what you're proposing is
    giving someone that's in my situation an opportunity to be able to take
    a personal account into my retirement and to look forward to something,
    particularly a higher return in what you're proposing.
        The President. Yes. You know something amazing, I was just thinking,
    listening to Sukha--when I was her age, there
    wasn't a lot of talk about, one, whether Social Security was going to go
    down the tubes. Fellow baby boomers here, back me up, will you? There
    wasn't much doubt in our mind, right? It wasn't a conversation. Nor was
    there a lot of talk about 401(k)s, IRAs, personal accounts. The world of
    ours has changed. Here's Sukha saying, ``Give me a chance to invest my
    own money.'' There has been a shift of attitude amongst Americans--all
    walks of life--all walks of life.
        And I appreciate that spirit of wanting to own something to bring
    peace of mind and to pass something on to your children.
        Ms. Brooks. I appreciate you giving us the
    opportunity.
        The President. I'm glad you're here. Thanks for coming,
    Sukha. Great job.
        Tommy McManus.
        Thomas McManus. Mr. President.
        The President. Tom, glad to see you.
        Mr. McManus. First, I want to welcome you
    back to the great State of Pennsylvania.
        The President. Oh, yes, glad to be back. Thank you. I heartily
    concur.

    [[Page 220]]

        Mr. McManus. I'm here today with my
    lovely wife, Kim, my young daughter Cheyenne, who is 4\1/2\, and my mom
    and dad who are Social Security participants. My young son Brendan is at
    home with my--his grandmother. He's three. And I've got two major
    concerns with the current status of Social Security.
        The President. First, what do you do--give us a read on what you do.
    I think people----
        Mr. McManus. I am a certified financial
    planner.
        The President. Good.
        Mr. McManus. What I do in my professional
    life, I help people build dream retirements.
        The President. Right.
        Mr. McManus. I work for a local company
    right here in Montgomery County called Lincoln Investment Planning. And
    my main objective every day is to help people achieve their retirement
    dreams.
        The President. Before we get to why you care about Social Security,
    let me ask you a couple of questions about investment vehicles. See,
    people wonder whether or not it is possible to design a system that is
    simple for all to understand and achieves an investment objective which
    is limited risk and a better rate of return than the paltry sum that is
    now garnered within the Social Security. This is kind of a leading
    question. I'm not even a lawyer, but do you--[laughter]--I presume that
    happens all the time at your business.
        I mean, people have got to understand. There's some concerns about
    what a personal account means--what can you invest in and what can you
    not invest in? And is it possible to design a system that helps us
    achieve the objective, which is security upon retirement?
        Mr. McManus. Well, I agree with you, Mr.
    President. My own feeling is--and I convey this in my practice--a dream
    retirement consists of three components: your employer-sponsored plan,
    your personal savings and investments--IRAs, 403(b)s, 401(k)s, that kind
    of thing--and Social Security.

    [Mr. McManus made further remarks.]

        The President. See, that's an interesting dynamic for those
    political scientists out there. Let me share some--a view on what
    he just said. See, I campaigned on the issue
    because I realized, one, we needed to do something and I wanted people
    to think that if the guy got in he would take on big problems, but also
    I recognized there were a lot of young people in America who feel the
    same way Tom feels. They're not going to see anything. In other words,
    the dynamic has shifted dramatically.
        And it will particularly shift once senior citizens fully understand
    nothing changes. See, once the senior citizen understands that the
    system is solvent for them, the drivers of this policy are going to be
    people like Tom who say, ``Wait a minute. You've taken care of one
    generation. How about us?'' And it's amazing what happens when people
    start to speak on an issue. Congress--if they speak loud enough and
    consistently enough and long enough, Congress tends to respond. And
    that's why I'm hopeful we can get something done.
        Keep going.

    [Mr. McManus made further remarks.]

        The President. I'm going to be holding those hands right with you,
    because it's the truth. No matter what the rhetoric might be, the truth
    is you don't have a thing to worry about. The people that have something
    to worry about are youngsters. You're a youngster. [Laughter] And--I'm
    no longer a youngster--and that's why we've got to act.
        Speaking about youngsters, Sara is with us. Sara Holcombe. Welcome.
        Sara Holcombe. How are you?
        The President. Well, I'm doing pretty good. Thanks very much.
    Feeling pretty spunky. [Laughter]

    [[Page 221]]

    [Ms. Holcombe, recruiter, Gateway Search Associates, Blue Bell, PA, made
    brief remarks.]

        The President. Yes, see--I'm going to say it again. People are
    thinking differently about their own money. It is a remarkable
    generational shift, isn't it? If you really think back, if those baby
    boomers here think back, we weren't really spending a lot of time
    talking about, ``Oh, I want to be able to take my own money out of
    Social Security and put it in something that would grow over time.''
    It's really changed. And I think a lot of younger workers are now
    beginning to say, ``Just give me a chance to do a better job than the
    Government has done on my behalf.''
        I repeat to you, the 35,000-a-year person--that's 35,000 over his or
    her lifetime--taking 4 percent of the payroll tax, which isn't all that
    much money, compounds, though, over a period of time to 250,000. So if
    you're--I don't know if it works--if you were to say the person who
    makes 70,000 over their lifetime and you compound the same, it actually
    ends up being 500,000, but it's substantially more than 250. We're
    talking about people over their lifetime being able to accumulate quite
    a sizeable nest egg to supplement that which the Government may be able
    to pay.
        Keep going. We've got to kind of fill some time here. [Laughter]
        Ms. Holcombe. I also have parents that are
    nearing the retirement age and a grandfather who is 100-percent
    dependent on his Social Security check. And part of my attitude in this
    is, I want to make sure that the system stays the same for them but is
    progressive enough to be there when my generation needs it.
        The President. Yes, that's the question. She's actually laid out the dilemma: Can we do that? And my
    answer is absolutely. Now, it's going to require a political will that
    is a little different than what's taking place in Washington, I fully
    concede. I mean, if this is all viewed through the prism of, ``Well, I
    can't cooperate with so-and-so because they're of a different political
    party,'' then I can't say that's going to happen. But I do believe that
    the people, if they speak loud enough, are able to affect policy. And I
    do believe if young people pay attention to this issue and start saying,
    ``We expect you--we expect you, Mr. President, and we expect people,
    regardless of their party, to come together and get this thing fixed
    now, before it is too late,'' we've got a shot at getting it done.
        My pledge to you is I'm going to work hard on the issue. I think it
    is a vital issue. I like to get out of Washington, and I like to travel
    around the country. I went to five States after the State of the Union.
    I went to two States today. Every week--except for that which I'm going
    to be in Europe--I'm going to keep traveling the country reminding
    people of the obligation that we have in Washington, DC, to bring folks
    together and to fix this problem, so that people will say, when it's all
    said and done, ``They came, they went, and they did their job.''
        Listen, I want to thank you all for coming. I hope you found this
    conversation interesting, informative. It is--I believe it's necessary.
    And I want to thank our panelists who did a fantastic job of sharing
    with us what's on your mind. There's a lot of people like you out there
    that are asking the question, ``What are you going to do about it?'' And
    I'm ready to lead on the issue.
        May God bless you all. Thanks for coming.

    Note: The President spoke at 4:22 p.m. at Montgomery County Community
    College. In his remarks, he referred to James R. Mathews, chairman,
    Board of Commissioners, Montgomery County, PA; President Hamid Karzai of
    Afghanistan; President Mahmoud Abbas (Abu Mazen) of the Palestinian
    Authority; President Viktor Yushchenko of

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    Ukraine; and Janet Norwood, mother of Sgt. Byron Norwood, USMC, who was
    killed in Iraq on November 13, 2004, and Iraqi citizen and political
    activist Safia Taleb al-Suhail, both of whom were guests of the First
    Lady at the President's State of the Union Address on February 2.