On the recordJanuary 7, 2009
I believe that the buildup of Federal debt is the single biggest threat to our Nation's long-term economic security.
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congress.govI believe that the buildup of Federal debt is the single biggest threat to our Nation's long-term economic security.
Kent Conrad emphasizes the danger of rising federal debt to economic security.
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Social Security's financial challenge affects nearly our entire society, and the solutions will require a broad-based approach.
What we have done is we recommend harmonizing withdrawal rules for 401(k)'s and IRAs.
It takes guts to do that, and Chairman Arrington, you have certainly led the charge on having a commission.
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.