On the recordJune 18, 2012
I served on Simpson-Bowles. In many ways I think your work product is actually somewhat superior to ours.
Source
congress.govI served on Simpson-Bowles. In many ways I think your work product is actually somewhat superior to ours.
Conrad praises the work of the witnesses compared to the Simpson-Bowles commission.
Share & report
More from Kent Conrad
What we have done is really removed employers with 500 or fewer employees from all of that headache.
What happens is those people, if the children are not able to care for them, they are going into institutions, but where is that being paid for? Overwhelmingly, it is being paid for out of Medicaid accounts.
We all know that Social Security is going to have to be dealt with, or we are going to face by 2034 at the latest--many of us believe it will be earlier than that---an across-the-board 23-percent cut.
You know, there are really three places where there are dramatic changes here.