The debt of the country at the beginning of the last administration was about $5 trillion. They have approximately doubled the debt of the country on their watch, dramatically more than doubled foreign holdings of U.S. debt. So the current administration, the outgoing administration, has left the incoming administration in a very deep hole, not to mention the economic difficulties and the extreme need for an economic recovery plan to give lift to this economy.
Kent Conrad: “The debt of the country at the beginning of the last administration was about $5 trillion. They have approximately…”
Editor's note · Context
Discussing the national debt and economic challenges during a transition of administrations.
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The surviving spouse provisions are especially important with regard to offsetting some of the unfairness that exists elsewhere.
Things are changing very rapidly, and it presents us with a requirement to change how we envision retirement as well.
I would say personally I would not go to a company advising me on wealth management that did not have it because I think whoever is advising me ought to have as their highest responsibility to be giving me advice that is in my interest.
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.





