I was extremely encouraged by the President's Inaugural Address yesterday and by his comments obviously prior to that.
Editor's note · Context
Kent Conrad expresses optimism about the President's commitment to addressing economic issues.
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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.
This Retirement Security Plan structure that we have suggested I think would go a long way toward dealing with these issues.
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.
What happens is those people, if the children are not able to care for them, they are going into institutions, but where is that being paid for? Overwhelmingly, it is being paid for out of Medicaid accounts.





