On the recordFebruary 1, 2011
This is a very bad place to be.
Source
congress.govThis is a very bad place to be.
Kent Conrad expresses concern over the current economic situation and its implications.
Share & report
More from Kent Conrad
The bottom 20 percent of earners get a 35-percent increase over what is scheduled, a more than 60-percent increase over what is payable.
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.
We create a basic minimum benefit that will apply to about 10 percent of Social Security.