That would be exceptionally good news for the economy, if we were having 30-year bonds at 2.5 percent.
Editor's note · Context
The speaker is discussing the potential positive impact of low interest rates on the economy.
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I thought he was an outstanding Committee Chairman, and my former intern has succeeded him in his Congressional seat.
If we are going to have tax-advantaged vehicles to encourage people to save for retirement, then the savings ought to be for retirement.
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.
Can I just respond quickly, Mr. Chairman, and say when Simpson-Bowles went down, a group of six of us in the Senate, three Democrats, three Republicans, were asked by leadership to see if we couldn't come up with a way forward to adopt the…





