05/17/2021
https://www.congress.gov...
"One of the things that has bothered me since I got here--I am from the private sector, and I have never understood how you can continually spend more than you take in..."
"Private sponsor of traditional pension plans must fund their plans using an average, high-quality corporate bond rate..."
"I think we put a heck of a burden on the private sector and walked away from it."
"But, by the same token, I know that at some point we run out of the ability to fund all those things."