On the recordJanuary 7, 2009
$350 billion is a staggering amount of money. Staggering.
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congress.gov$350 billion is a staggering amount of money. Staggering.
Conrad emphasizes the large sum of TARP funds in relation to banking sector losses.
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I would just say our Retirement Security Plans and our Retirement Security Clearinghouses are responding to the underlying dynamic that Professor Mead has done such a good job in describing.
Social Security's financial challenge affects nearly our entire society, and the solutions will require a broad-based approach.
This Retirement Security Plan structure that we have suggested I think would go a long way toward dealing with these issues.
I would just say in this whole area of lifetime income options, there is a tremendous opportunity here.