Just an opportunity to talk about a book. It is called fixing the future and how canadas government worked together to rescue the canada pension plan. It is an interesting story and the same issue as the Social Security except we ended up with a situation where we doubled the contribution rate and built up the reserve fund and stabilized the contribution rate. It is a fascinating story. You have to figure out the story. I think that is a great point. The way the public and the private sector have come together we have studied this to achieve the policy in canada. Okay. How could you work to build lowearning households better Retirement Savings x. They specifically looked at if you had auto enrollment and you had the savers credit going into individuals accounts, what would that mean . And the numbers here are annual, they may not sound a lot to some individuals, but its 479 household in the lowest income quartile, households under 35,000. The next bracket is households under, between t
This weekend on cspan citys tour, along with our Comcast Cable partners, well explore utah. Visit moons rare books, a source priority thats been collecting rare books for over 30 years, show casing me of his great finds, an original copy of Thomas Paynes rare sense. He wanted to have the proceeds to buy the soldiers mittens. After it went through three printings, they had a falling out. And so thomas payne allowed anybody to print it. He lowered the price, said anybody can print up. Thats one of the reasons its so well known. And author of a peculiar people talks about antimormonism in the country, through their current struggles and the origins of the animosity. Latter day saints fit in that. Not only are they a religious minority but but one who over time have figured in disproportionately visible ways in the debates about religion. And on American History tv, take a tour of the brickment young museum. The cure rart talks about how the fossils are found. When you can hide the arm chu
And there are so many other things that go into what quality of life really means, how often do you move and your spouse get a job, that sort of thing. In terms of quality of service, were hearing more and more from our people that theyre sort of surprised by all this. What really matters to them more than keeping this high rate of growth is they want to fight in a modern and ready force. They want to go to work every day, and they want to have parts in the bin where they can repair the thing that they are entrusted with, they want to be able to drive it or fly it or sail it and feel confident that they are on a winning team. That matters. Its an intangible, but it makes a tremendous difference for our people, and we have to look after that as well as the quality of life piece. Secretary fox . Senator, i would just add that i think admiral winnefeld laid it out beautifully. I these intangibles, i think, are important as we look at any changes to retirement, for example, Going Forward.
Within ten years, but i dont think we can count on that. So lets plan for the worst, right . Yep. Thank you. Thank you, senator graham. Senator blumenthal. Thank you, mr. Chairman, and thank you both for being here today. Thank you both for your extraordinary service. To our nation. I would agree with my good friend, senator graham, in his assessment that we are on a path to repeal the very unfortunate and unwise cola cuts in retiree pensions that were a flaw in the bum agreement. I would disagree with him only on his reference to glide path which implies an ease and unimpeded track that is rarely pound in found in the congre. And i think it will take some doing to have of that path achieved, but i think the debate and discussion here this morning, and your testimonys been very helpful to reaching that path which i think we have an obligation to do. I voted for the budget agreement like so many of my colleagues. I did so with the understanding that that flaw would be corrected. And tha