Detailed text transcripts for TV channel - MSNBC - 20111229:21:19:00
Our debate, and i think this is unique in tackling pensions -- security. and we had a -- what does it mean to have a secure retirement? and we quickly realized that the mention system we had often provided folks with more income in retirement than when they were working. and i think everybody can agree, you know, that's too generous of a pension. that's not retirement security. and so, again, we just kept kind of forcing it back to a rational set of, you know, fiscal, financial decisions. and once we decided that retirement security is maybe 70 or 80% of your working income in retirement, then...
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