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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Forty-six percent of the American people would have a hard time coming up with $400 for an emergency car repair.
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.
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