jerry bernstein is a senior fellow on policy priorities from 2009 until 2011. dr. bernstein has served as chief economist to joe biden. he was also executive director of the task force for the middle class, and a member of the economic team for president obama. prior to joining the obama administration, he was a senior economist at the economic policy institute. during the administration of president clinton, it was the deputy chief economist at the department of labour. he is the author and co-author of numerous books for academic and popular audiences. he was published extensively in numerous of venues. he is also a commentator for cnbc and msnbc, and he posed a popular economic blog. dr. bernstein holds a ph.d. from columbia university. i give you jerry bernstein. [applause] >> thank you very much. it is great to be here and to talk about one of my favorite topics. thank you for the introduction. i always like to find myself in his company. he is one of my favorite economist around town. the story are like to tell about done it is that when he was the director of

i give you jerry bernstein. [applause] >> rousing applause. thank you very much. great to be here to talk about one of my favorite talks. jim, thanks for the nice introduction. i've always like to find myself in the company of double speaking one of my favorite economist around town. the story i like to tell is that when he was director of the congressional budget office, he annoyed everyone equally, and that is very important in this town, so i give him a lot of credit. let me start with a set of principles. in fact, i think of my talk to you today in three brief parts -- principles, facts, and fixes. in doubles facts, and fixes. first, on the principles, this is -- these are the set of principles, it is that guide my thinking, and i hope yours as well on social security. retirement security has to be a goal of a civilized society in an advanced economy. in fact, this is the case in every advanced economy. two, a guaranteed pension is essential to meeting that goal. private plans that depend on stock market returns can surely complement a basic guarantee but they

he is also a commentator for cnbc and msnbc and he anti-host the popular economics blog jerry bernsteinlog.com. earns dean, dr. bernstein holds a ph.d. from columbia university. i give you jared bernstein. [applause] >> thank you very much. it is. it is great to be here to talk about one of my favorite topics. jem, thanks for the nice introduction. i always like to find myself in the company of doug holtz-eakin. the story i like to tell about doug is that when he was the director of the congressional budget office, he annoyed everybody equally, and that is very important in this town so i give him a lot of credit. let me start with a set of principles. in fact i think of my talk to you today in three brief parts, principles, facts and fixes. principles, facts and fixes. first on principles, this is -- these are the set of principles and ideas that guide my thinking and i hope yours is well on social security. retirement security has to be a gold of a civilized society and an advanced economy and in fact this is the case in every advanced economy. a guaranteed pension is essential to mee