If you do not deal with the long-term imbalances, our country is going to look like a Banana Republic.
Kent Conrad
The Public Record
Kent Conrad is a former United States Senator from North Dakota, serving from 1993 to 2013. A member of the Democratic Party, he was known for his work on fiscal policy and budget issues, particularly as the Chairman of the Senate Budget Committee. Throughout his tenure, Conrad advocated for responsible budgeting and was involved in discussions surrounding Social Security and healthcare reform. He played a significant role in shaping policies that impacted both North Dakota and the nation as a whole.
I have come to the conclusion--this is critically important--that is that right now the reimbursement system is based on procedures.
I also should advise members and their staffs that tomorrow we will have the Secretary of Treasury, Mr. Geithner, here to talk about the financial sector and to talk about housing.
I believe it is absolutely essential, once we have economic recovery underway, that we pivot and take on our long-term imbalances.
We are in the midst of the worst economic downturn our country has faced since the Great Depression.
Let us move on that issue right now while the iron is hot and while we can get things done.
You are exploding the size of health care spending on top of health care spending which already exceeds any other industrialized country in the world by about 5 percent of GDP.





