Video Thomas called the retirement system's finances a "problem" rather than a crisis, distancing himself from the crisis terminology used by the W
January 22, 2005

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Video

Thomas called the retirement system's finances a "problem" rather than a crisis, distancing himself from the crisis terminology used by the White House in seeking public support for creating private accounts.

"I think 'problem' really is what we're dealing with," said Thomas, when asked if he thought it was a crisis.

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