You mention in the book that the Clinton administration was discussing plans to partly privatize Social Security when the Monica Lewinsky scandal broke, which was news to me.
Imagine putting a big piece of Social Security in the stock market in the late ’90s. You’d have millions of retirees who would have gotten hammered, because the Nasdaq collapsed. And then a couple of years later, there’s the collapse of the housing bubble, and then the financial crisis. I mean, I thank God every day for Social Security. And Franklin D. Roosevelt.