On the recordJanuary 6, 2011
We have a town that is about to be flooded on the west end of the lake, the little town of Minnewaukan.
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congress.govWe have a town that is about to be flooded on the west end of the lake, the little town of Minnewaukan.
Kent Conrad discusses the imminent flooding threat to Minnewaukan.
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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 do, and I made that argument to the commission, and others on the commission made some of the points that you are making now.
What is realistic is to deal with these changes in a way that does expand access, that does expand the opportunity for people to participate in a retirement plan at work.
We tried to include some of these ideas in our Social Security reform package, to actually provide incentives in the system for people to continue to work.