On the recordJanuary 27, 2010
I can't speak for Senator Gregg, but he and I have gone on this effort to have a commission, because we have been convinced you have got to have an overall plan for the longer term.
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congress.govI can't speak for Senator Gregg, but he and I have gone on this effort to have a commission, because we have been convinced you have got to have an overall plan for the longer term.
Conrad emphasizes the need for a comprehensive long-term economic plan.
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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.
It takes guts to do that, and Chairman Arrington, you have certainly led the charge on having a commission.
If we are going to have tax-advantaged vehicles to encourage people to save for retirement, then the savings ought to be for retirement.
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.