We really believe, not only under the tenth amendment, but the fact that we are closer to the people and therefore govern a little better, as Mr. Jefferson said, that we ought to have a little more latitude to be able to do these free-market things that we believe will work.
Kline advocates for state governance and free-market principles.
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I cannot State emphatically enough that far-reaching reform, fiscal responsibility, and bipartisanship must be the principles that guide us as we work to solve this problem.
Composite plans are not intended to replace defined benefit plans, but are intended to be an alternative to the 401(k) defined contribution plan.
Part of the way we need to approach these solutions is to adopt reforms that address the structural flaws within the plans.
Thank you, Mr. Chairman. I thank the witnesses for being with us today. Excellent testimony, as we're trying to solve the problem that some of us have been dealing with for a long time.
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