Bill Bennett: “First, let me say, in another time and place, and I know others wish to speak, I think the Senator and I could explore…”

“First, let me say, in another time and place, and I know others wish to speak, I think the Senator and I could explore this at some greater depth. I agree with him absolutely that the problem is ahead in the retirement years of the baby boomers. The place where we differ is whether this proposal the President has put before us will prepare us for a more efficient economy in that period and thereby give us the strength we need or whether it will do damage. The Senator obviously believes this proposal will damage the economy. I, obviously, believe it will better the economy. As long as we are quoting economists back and forth, I once again say that Alan Greenspan has endorsed the dividend thing as a logical long-term structural change.”