I think it would be most unwise to have a situation in which the courts would have the final power of the purse, perhaps not to decide by line item the budgets of the United States, but as the Senator from West Virginia points out, they might find themselves in a position of ordering across-the-board cuts, they might be in the position of ordering across-the-board tax increases. Is that not conceivable?
The speaker is discussing the implications of judicial power over budgetary decisions.
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We admire that, and I can say on both sides of the aisle, people recognize the job he did as Budget Committee Chairman.
I would just say in this whole area of lifetime income options, there is a tremendous opportunity here.
The surviving spouse provisions are especially important with regard to offsetting some of the unfairness that exists elsewhere.
You know, we met with a Congressman on the Ways and Means Committee this morning, and we were on a subject related to this. You really see it with our elderly people who do not have options or options are closing in on them.
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