On the recordFebruary 16, 2011
I believe it fundamentally puts at risk the economic security of the country.
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congress.govI believe it fundamentally puts at risk the economic security of the country.
Conrad emphasizes the risks to national economic security.
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What happens is those people, if the children are not able to care for them, they are going into institutions, but where is that being paid for? Overwhelmingly, it is being paid for out of Medicaid accounts.
We all know that Social Security is going to have to be dealt with, or we are going to face by 2034 at the latest--many of us believe it will be earlier than that---an across-the-board 23-percent cut.
What we have done is we recommend harmonizing withdrawal rules for 401(k)'s and IRAs.