Clearly, the Federal budget is on an unsustainable path, and while nobody can predict at exactly what point excessive debt would lead us to a fiscal crisis, we can all agree that we would rather not find out.
Conrad emphasizes the urgency of addressing the unsustainable federal budget to avoid a fiscal crisis.
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All the talk in the world doesn't matter if you don't actually get something done in the real world.
Can I just respond quickly, Mr. Chairman, and say when Simpson-Bowles went down, a group of six of us in the Senate, three Democrats, three Republicans, were asked by leadership to see if we couldn't come up with a way forward to adopt the…
I thought he was an outstanding Committee Chairman, and my former intern has succeeded him in his Congressional seat.
We did a whole series of things in our Social Security reform not to discourage people from working, but to encourage them to continue working if they are able to do so.
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