Latest Half-True Fact-checks on Herman Cain Herman Cain stated on November 15, 2013 in a video on Cain TV: Says Thomas Jefferson said, "You might be able to fool the people for awhile, and they may go astray, but sooner or later the American people are going to wake up and they will correct the course." Herman Cain stated on October 4, 2011: "Current projections indicate that Medicare will go bankrupt by 2017, while Social Security will bottom out by 2037." Herman Cain stated on September 12, 2011 in a Republican presidential debate: "Today, when people retire in Galveston County, Texas, they retire making at least 50 percent more than they would ever get out of Social Security." Herman Cain stated on June 13, 2011 in a Republican presidential debate: Says an alternative to Social Security that operates in Galveston County, Texas, has meant that participants will "retire with a whole lot more money" than under Social Security. Herman Cain stated on February 11, 2011 in an interview: The United States is "the only developed country in the world that has not cut its corporate tax rate."