the moral hazard that it engenders. Moral hazard is the cost we pay for living in a civilized society.
The way to get the change is not by doing it piecemeal on each part of their compensation, because they will find ways to circumvent it.
Today they are more than 60--six-zero--percent of GDP.
the problem with the too-big-too-fail subsidy, it happened by happenstance. It was never voted on.
Governments bail out bigger banks.
The way to get it is make them bear the cost of the errors.
Well, do not do it between 62 and 65 or 63 and 66, because it has gone up.
I do not know whether it will or whether it will not, but that certainly affects the environment of how we think about Social Security or th...
I appreciated Senator Casey's comments, Mr. Romasco, about your personal story.
Few in the Senate know retirement security issues as Ben Cardin does.
Tax increases do not solve this problem, and it would be a mistake to go down that road.