On the recordJanuary 6, 2011
I do not think Congress, the House or the Senate, are going to be very interested in bailouts to States.
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congress.govI do not think Congress, the House or the Senate, are going to be very interested in bailouts to States.
Conrad expresses skepticism about Congress's willingness to provide state bailouts.
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More from Kent Conrad
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.
I would just say our Retirement Security Plans and our Retirement Security Clearinghouses are responding to the underlying dynamic that Professor Mead has done such a good job in describing.
We ought to reestablish this benefit for survivors and those affected by disability.
Things are changing very rapidly, and it presents us with a requirement to change how we envision retirement as well.