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 have seen retired schoolteachers have to go back to work in their 70's after their husbands have died or their wives have died.
What we have done is we recommend harmonizing withdrawal rules for 401(k)'s and IRAs.
We had literally hundreds of people and groups come before this commission. We listened intently for all sides on how we could fix these challenges.
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