On the recordJanuary 6, 2011
The dirty little truth in this town is that people do not want to deal with budget process disciplines.
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congress.govThe dirty little truth in this town is that people do not want to deal with budget process disciplines.
Conrad criticizes the lack of desire for budget discipline in Congress.
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Forty-six percent of the American people would have a hard time coming up with $400 for an emergency car repair.
People are smart, and if you just share with them the basic information, a lot of people will make a good decision.
What we have done is we recommend harmonizing withdrawal rules for 401(k)'s and IRAs.
We also increase the payroll tax very modestly, from the current combined rate of 12.4 percent to 13.4 percent over 10 years.