I have had some of the most prominent economists. We have had them testify here. We had Allen Sinai sit at that desk and tell us we are headed for a country that will look like a Banana Republic if we do not deal with this long-term funding issue.
Kent Conrad warns of economic collapse without addressing long-term funding issues.
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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.
Forty-six percent of the American people would have a hard time coming up with $400 for an emergency car repair.
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.
Can I just respond quickly, Mr. Chairman, and say when Simpson-Bowles went down, a group of six of us in the Senate, three Democrats, three Republicans, were asked by leadership to see if we couldn't come up with a way forward to adopt the…
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