On the recordJanuary 27, 2010
I believe we were perilously close to that.
Source
congress.govI believe we were perilously close to that.
Conrad reflects on the risk of a financial collapse similar to the Great Depression.
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We admire that, and I can say on both sides of the aisle, people recognize the job he did as Budget Committee Chairman.
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.
Social Security's financial challenge affects nearly our entire society, and the solutions will require a broad-based approach.