On the recordJanuary 7, 2009
We need a stimulus package. We need it badly. But we need it to be on point.
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congress.govWe need a stimulus package. We need it badly. But we need it to be on point.
Kent Conrad emphasizes the necessity of an effective stimulus package.
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We all know that Social Security is going to have to be dealt with, or we are going to face by 2034 at the latest--many of us believe it will be earlier than that---an across-the-board 23-percent cut.
If we are going to have tax-advantaged vehicles to encourage people to save for retirement, then the savings ought to be for retirement.
If we are going to provide tax incentives for people to have retirement savings, then it should not be used as a piggy bank to pay for other things.
I think there is just a tremendous opportunity here, and I really applaud the two of you for doing this in a bipartisan way.