On the recordJanuary 7, 2009
We will pass on to our children in the very near future, at about the end of 4 years from now, a debt-to-GDP ratio which is unsustainable
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congress.govWe will pass on to our children in the very near future, at about the end of 4 years from now, a debt-to-GDP ratio which is unsustainable
Kent Conrad discusses the impending unsustainable debt-to-GDP ratio for future generations.
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I urge you to vote for the confirmation of Dave Turk. I urge you to do it quickly.
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 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.
It takes guts to do that, and Chairman Arrington, you have certainly led the charge on having a commission.