On the recordJanuary 6, 2011
Our country is in serious trouble.
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congress.govOur country is in serious trouble.
Acknowledging the critical state of the nation's issues.
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Things are changing very rapidly, and it presents us with a requirement to change how we envision retirement as well.
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.
If we are going to have tax-advantaged vehicles to encourage people to save for retirement, then the savings ought to be for retirement.
What happens is those people, if the children are not able to care for them, they are going into institutions, but where is that being paid for? Overwhelmingly, it is being paid for out of Medicaid accounts.