On the recordJuly 1, 2009
We need about an $8 billion infusion to make it through the rest of the year.
Source
congress.govWe need about an $8 billion infusion to make it through the rest of the year.
Kent Conrad emphasizes the need for significant funding to sustain the Trust Fund.
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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.
If we are going to provide tax incentives for people to have retirement savings, then it should not be used as a piggy bank to pay for other things.
I would just say in this whole area of lifetime income options, there is a tremendous opportunity here.
It is really very important. You know, what so make stakeholders told us is you have got to broaden this thing out.