On the recordJanuary 27, 2010
the whole concept of the TARP was that as we recoup the money, we would use it to pay down the debt
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congress.govthe whole concept of the TARP was that as we recoup the money, we would use it to pay down the debt
Senator Gregg emphasizes the original purpose of TARP funds.
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The approach should also make it clear that bipartisanship is at the essence of this exercise.
I don't think you can get there without doing what Dr. Rivlin referred to, which is you shift from a utilization system to a qualities and outcome system.
I think Dr. Rivlin is absolutely correct on both points, and Simpson-Bowles did the same thing that Domenici-Rivlin did, which was to actually increase benefits to single women over 85, and low-income individuals.