One of the things that I've found is that there are certain words used in Washington that don't mean the same thing as in Webster's dictionary. Let me give you a good example: ‘trust funds.’ They should be called ‘trust-the-government funds.’ Or, as [billionaire philanthropist and founder of the Peterson Foundation] Pete Peterson says, ‘You can't trust them, and they're not funded.’ The simple fact is the trust funds are an accounting entry ... kept in a locked file cabinet in West Virginia. There [are] no tangible assets in them.
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