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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If you are really going to relieve me of the administrative burden, if you are going to really relieve me of the liability, if you are going to really relieve me of the cost other than the payroll transfer.
I think there is just a tremendous opportunity here, and I really applaud the two of you for doing this in a bipartisan way.
I would just say our Retirement Security Plans and our Retirement Security Clearinghouses are responding to the underlying dynamic that Professor Mead has done such a good job in describing.
Fully 64 percent of the American people said they were worried about not having enough money for retirement.
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