Kent Conrad
Kent Conrad
Gaylord Kent Conradis a former United States Senator from North Dakota. He is a member of the North Dakota Democratic-NPL Party, the North Dakota affiliate of the Democratic Party. First elected to the Senate in 1986, he served as chairman or Ranking Member of the Senate Budget Committee for twelve years...
NationalityAmerican
ProfessionPolitician
Date of Birth12 March 1948
CountryUnited States of America
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This nation is about to be hit with a tidal wave of new retirees. In just six years, the baby boomers will begin to retire. The demands on Social Security and Medicare will be dramatically increased, ... This is no time to divert Social Security and Medicare funds to other purposes.
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You don't need some whole new unfettered access to individual tax returns of people or of companies in order to figure out how the IRS is spending its money,
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I believe they have an affirmative obligation to come up with spending cuts or new revenue to prevent us from raiding the Medicare and Social Security trust funds,
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Certainly, you want to rebuild, ... But we need to build smartly so that we have a better line of defense the next time Mother Nature comes calling. That's what we did in Grand Forks. We are now better protected.
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If people saw how big the deficit really is, they'd feel more of a need to do something about it.
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The Congressional Budget Office tells us by 2052, Social Security could meet only 78 percent of its obligations. Medicare is in even worse shape. The shortfall in Medicare is eight times the deficit in Social Security. But the president has no plan to deal with that. The truth is, we need to confront all these challenges sooner rather than later.
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If you are not able to pay down the debt, that means that the federal government is in competition with private-sector borrowers for money, driving up the costs of interest rates and that's a hidden tax on every American family -- higher mortgage payments, higher car payments, higher college loan payments,
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If you look at his performance, his education, his attainments, that is the kind of person who has the quality to be in the Supreme Court. This man has a mind like a jewel.
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In six short months, this administration, after advocating a tax cut that was too large and after putting belief in a 10-year estimate of revenue, have put us in the bad old days of raiding every trust fund in sight,
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By using Social Security trust fund dollars to pay for tax cuts and other government spending, the administration significantly understates the true fiscal imbalance of the country.
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It's clear to me that the majority of people I represent and the majority of the American people support his nomination.
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It will make tax controversies more expensive, more intrusive and more inconvenient for taxpayers.
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It's the combination of massive tax cuts combined with massive spending on Iraq and Katrina when we already weren't able to pay our bills,
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It just jumps out at you that this notion hasn't worked out in the real world. And if it did work out, maybe we should eliminate all the taxes and balance the budget.