Political Quotes

On the recordJuly 21, 2011
I rise today to discuss the legislation that has come over from the House of Representatives which, I must say, I consider to be some of the most ill-considered legislation I have ever seen come over from the other body. This legislation has been hastily thrown together, has never had a hearing, and yet proposes to amend the Constitution of the United States in dramatic and draconian ways. This is truly dangerous business. I have been a part of the fiscal commission, and I was part of the majority that supported its conclusions to reduce our debt from what it would otherwise be by $4 trillion. Eleven of us supported that plan-- five Democrats, five Republicans, and one Independent. I have been a part of the Group of 6--three Democrats and three Republicans--and we have released our plan to reduce the debt from what it would otherwise be by $3.7 trillion. I have been part of putting out the Democratic Senate Budget Committee plan, and I am proud to say it would reduce the debt from what it would otherwise be by $4 trillion. In my entire career, 25 years in the Senate, I have consistently spoken of the dangers of deficits and debt and the risk of the debt threat to our country. I believe passionately that we have to find a way to come together to reduce the danger of these runaway debts. But this legislation that has come over from the House cannot be the answer. It is not bipartisan. In fact, it is superpartisan. It is totally done on one side of the ledger.…
Said by
Kent Conrad
Democratic · North Dakota

Share

More from Kent Conrad

Apr 4, 2017

Things are changing very rapidly, and it presents us with a requirement to change how we envision retirement as well.

congress.gov
Sep 6, 2016

We create a basic minimum benefit that will apply to about 10 percent of Social Security.

congress.gov
Apr 4, 2017

I would say personally I would not go to a company advising me on wealth management that did not have it because I think whoever is advising me ought to have as their highest responsibility to be giving me advice that is in my interest.

congress.gov
Apr 4, 2017

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.

congress.gov

Other voices in this conversation