I actually read David Stockman's book, and he makes very clear that this was a policy they hoped somehow would all add up, and it did not. It was a miserable failure that dug a very deep hole for this country. Mr. President, the facts are very clear. This is the record. Nobody can dispute these numbers. This is what happened.
Discussing the failures of economic policy during a Senate floor debate.
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We admire that, and I can say on both sides of the aisle, people recognize the job he did as Budget Committee Chairman.
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…
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.
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