On the recordMay 27, 2009
I take them seriously.
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congress.govI take them seriously.
Kent Conrad stresses the importance of heeding warnings from the Secretary of the Treasury.
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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.
What we have done is we recommend harmonizing withdrawal rules for 401(k)'s and IRAs.
I thought he was an outstanding Committee Chairman, and my former intern has succeeded him in his Congressional seat.
We admire that, and I can say on both sides of the aisle, people recognize the job he did as Budget Committee Chairman.