On the recordJanuary 7, 2009
what we are really doing here is giving them a government that is not sustainable or affordable
Source
congress.govwhat we are really doing here is giving them a government that is not sustainable or affordable
Kent Conrad criticizes the proposed budget for creating an unsustainable government for future generations.
Share
More from Kent Conrad
What is realistic is to deal with these changes in a way that does expand access, that does expand the opportunity for people to participate in a retirement plan at work.
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.
We tried to include some of these ideas in our Social Security reform package, to actually provide incentives in the system for people to continue to work.
Things are changing very rapidly, and it presents us with a requirement to change how we envision retirement as well.