What are the implications? It worries me deeply. I think it does you as well.
Christopher J. Dodd
The Public Record
Christopher J. Dodd is a former United States Senator from Connecticut, serving from 1981 to 2011. A member of the Democratic Party, Dodd was known for his work on a variety of issues, including healthcare, education, and financial regulation. He played a significant role in the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act, which was enacted in response to the 2008 financial crisis. Throughout his career, Dodd was recognized for his bipartisan efforts and commitment to public service.
We can come down to where we allocate resources and how we make choices between the issue of tax cuts for the top 1 percent of income earners versus investing in a No Child Left Behind bill.
I think the high rate at one point in the Nixon Administration is we were spending something close to 6 percent of the Federal budget on secondary and elementary education in this country, the Federal Government was.
I think we should look at our choices. We can come down to where we allocate resources and how we make choices between the issue of tax cuts for the top 1 percent of income earners versus investing in a No Child Left Behind bill.
We need to ensure that research funding continues to grow to combat this disease.
I think it is important today and I want to commend my colleagues on both sides here for their comments.
The point that Senator Sarbanes made, Senator Shelby has made, and others have made from the outset about the issue of confidence is the most critical issue for all of us here.
I wish you would on that because I would be interested in how that might work.
I think that this one that is very much on our mind now as we look at--as I said earlier, we are going to review the rules.
So the question is whether or not... you would recommend that there be some statutory response to that.
I am particularly disturbed, I will tell you, when I find that about a third of this $1.4 billion is actually a penalty.