On the recordSeptember 15, 2010
Spending is the highest it has been as a share of our gross domestic product in 60 years.
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congress.govSpending is the highest it has been as a share of our gross domestic product in 60 years.
Kent Conrad points out record-high spending relative to GDP.
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We create a basic minimum benefit that will apply to about 10 percent of Social Security.
We did a whole series of things in our Social Security reform not to discourage people from working, but to encourage them to continue working if they are able to do so.
I think there is just a tremendous opportunity here, and I really applaud the two of you for doing this in a bipartisan way.
If we are going to provide tax incentives for people to have retirement savings, then it should not be used as a piggy bank to pay for other things.