We are now in a situation where by putting $2 billion into advanced battery innovation and manufacturing--$2 billion in this country--we have unleashed billions of dollars.
Editor's note · Context
Kent Conrad discusses the impact of investing in battery innovation.
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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 had literally hundreds of people and groups come before this commission. We listened intently for all sides on how we could fix these challenges.
I do, and I made that argument to the commission, and others on the commission made some of the points that you are making now.
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.





