On the recordJanuary 6, 2011
Make no mistake. We are at a critical juncture.
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congress.govMake no mistake. We are at a critical juncture.
Conrad emphasizes the seriousness of the current fiscal situation.
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Fully 64 percent of the American people said they were worried about not having enough money for retirement.
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.
Social Security's financial challenge affects nearly our entire society, and the solutions will require a broad-based approach.
What we have done is we recommend harmonizing withdrawal rules for 401(k)'s and IRAs.