On the recordJanuary 6, 2011
Right now we are in the midst of a growing fiscal crisis, and it is crucially important that we have an honest conversation about the challenges we face.
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congress.govRight now we are in the midst of a growing fiscal crisis, and it is crucially important that we have an honest conversation about the challenges we face.
Conrad emphasizes the need for honest discussion during a fiscal crisis.
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I do, and I made that argument to the commission, and others on the commission made some of the points that you are making now.
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.
We did a whole series of things in our Social Security reform not to discourage people from working, but to encourage them to continue working if they are able to do so.