"For my children, it makes sense to talk about modernizing Social Security, letting them create stronger personal accounts, letting them get a higher rate of return over the long run"
About this Quote
“Modernizing” does heavy euphemistic labor. In Washington, modernization often means privatization with nicer lighting. The phrase suggests Social Security is quaint, outpaced, almost irresponsible to keep unchanged. Then comes the real sales pitch: “stronger personal accounts” and a “higher rate of return.” That’s not just a policy preference; it’s a cultural argument about citizenship. Personal accounts reframe retirement security as an individual investment journey, not a collective insurance compact. The subtext is that the public system is a low-performing, paternalistic middleman, while the market is the adult alternative.
The context is the long-running conservative push, especially loud in the late 1990s and early 2000s, to partially privatize Social Security by diverting payroll taxes into private accounts. Sununu’s language mirrors that era’s faith in financialization: markets as engines of freedom, risk as a character-building feature, and “returns” as the moral metric of governance. What’s left unsaid is the trade-off: higher potential upside comes paired with volatility, transition costs, and a shift of risk from society to the individual. The quote works by speaking in the comforting grammar of family and opportunity while quietly renegotiating who bears the consequences.
Quote Details
| Topic | Investment |
|---|---|
| Source | Help us find the source |
| Cite |
Citation Formats
APA Style (7th ed.)
Sununu, John. (2026, January 16). For my children, it makes sense to talk about modernizing Social Security, letting them create stronger personal accounts, letting them get a higher rate of return over the long run. FixQuotes. https://fixquotes.com/quotes/for-my-children-it-makes-sense-to-talk-about-91788/
Chicago Style
Sununu, John. "For my children, it makes sense to talk about modernizing Social Security, letting them create stronger personal accounts, letting them get a higher rate of return over the long run." FixQuotes. January 16, 2026. https://fixquotes.com/quotes/for-my-children-it-makes-sense-to-talk-about-91788/.
MLA Style (9th ed.)
"For my children, it makes sense to talk about modernizing Social Security, letting them create stronger personal accounts, letting them get a higher rate of return over the long run." FixQuotes, 16 Jan. 2026, https://fixquotes.com/quotes/for-my-children-it-makes-sense-to-talk-about-91788/. Accessed 12 Feb. 2026.


