Unfortunately, for my entire time in the Senate, we have not been able to address this crisis.
Editor's note · Context
Kent Conrad expresses frustration over Congress's inability to tackle the fiscal crisis.
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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.
If we are going to provide tax incentives for people to have retirement savings, then it should not be used as a piggy bank to pay for other things.
I wish I could look you in the eye and say, you know, if we just had the will, we could reverse this, and we could go back to a time when defined benefit plans were on the increase. I do not think that is in the cards.
If we are going to have tax-advantaged vehicles to encourage people to save for retirement, then the savings ought to be for retirement.





