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.
Conrad discusses the decline of defined benefit plans and the unrealistic prospect of reversing this trend.
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It is really very important. You know, what so make stakeholders told us is you have got to broaden this thing out.
Things are changing very rapidly, and it presents us with a requirement to change how we envision retirement as well.
I think there is just a tremendous opportunity here, and I really applaud the two of you for doing this in a bipartisan way.
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.
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