Well, if his amendment costs another $458 billion, it is not offset. And in a typical bond auction now conducted by the United States, over half of the money, well over half now, is money from abroad. So you can take well over half of the $458 billion, and it would be added to this external debt.
Discussing the financial implications of an amendment during a budget debate.
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I would just say our Retirement Security Plans and our Retirement Security Clearinghouses are responding to the underlying dynamic that Professor Mead has done such a good job in describing.
It takes guts to do that, and Chairman Arrington, you have certainly led the charge on having a commission.
I thought he was an outstanding Committee Chairman, and my former intern has succeeded him in his Congressional seat.
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