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Auto IRA from feds could mean business for state programs and PEPs

Auto IRA programs are grwoing, and dozens of entities have registered with the DOL to bring pooled employer plans to the market.

Transcripts for CNN State of the Union with Jake Tapper and Dana Bash 20210926 16:42:00

is much greater than it would otherwise be. right, next month it would happen instead of next week, but that s my point is that this is already about spending that already occurred including $8 trillion of debt under the trump administration. no. no, the way i think about it is, it is certainly not. the spending that s already occurred, the money was raised for it either through taxes or through debt. this is about future spending, some of which we ve already committed to in the form of the big entitlement programs that are on autopilot, much of which has not been committed to, such as the new entitlement programs that our democratic colleagues want to launch. but it s indisputable that the spending spree, if you spend more, you will have to borrow more, and the democrats want to spend vastly more so they are driving up the need for still more debt in the future to cover all of the spending they want to engage in. sure, i get that but, for instance, the $3.5 trillion budget recon

Transcripts for CNN State of the Union with Jake Tapper and Dana Bash 20210926 13:42:00

already about spending that already occurred including $8 trillion of debt under the trump administration. no. no, the way i think about it is, it is certainly not. the spending that s already occurred, the money was raised for it either through taxes or through debt. this is about future spending, some of which we ve already committed to in the form of the big entitlement programs that are on autopilot, much of which has not been committed to, such as the new entitlement programs that our democratic colleagues want to launch. but it s indisputable that the spending spree, if you spend more, you will have to borrow more and the democrats want to spend vastly more so they are driving up the need for still more debt in the future to cover all of the spending they want to engage in. sure, i get that but for instance, the $3.5 trillion budget reconciliation act, build back better, the democrats, and i know you oppose this but the democrats are proposing tax increases to pay for it. r

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