I say to my colleagues, if you want to kill this bill, this is the way to do it. If your real intention is to eliminate the educational assistance for millions of young people in America, vote for this amendment. Everybody knows what is at stake. The Constitution provides revenue bills must begin in the House of Representatives. To begin it here violates the blue slip process, violates the Budget Act, and will kill this bill. All of us know the AMT has to be fixed. In the budget we have passed it is fixed. It will be fixed by consideration in the Finance Committee, which is where alternatives for fixing it should be considered. This is not the time. It is not the place. It violates the Budget Act. It violates the constitutional requirement for the initiation of revenue measures. I hope my colleagues will resist the Kyl amendment.
Kent Conrad: “I say to my colleagues, if you want to kill this bill, this is the way to do it. If your real intention is to eliminate…”
Editor's note · Context
Opposing an amendment that could jeopardize educational assistance funding during Senate floor debate.
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Social Security's financial challenge affects nearly our entire society, and the solutions will require a broad-based approach.
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.
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.
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.





