Word: robb
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...Robb said the front door was open for the Democrats, since his Republican counterparts have "run out of ideas for dealing with America's emerging problems...
...point is not to abolish federal insurance altogether, but to rethink its purpose and scope in light of changed conditions," Robb said...
...Robb also urged the government to cut back on federal student aid subsidies and defense spending, and suggested the government look into new ways of "raising revenues" in "as progressive a system as possible...
...pitch that was once reserved for "new federalist" Republicans, Robb called on the Democrats to advocate more power for state and local government...
...Robb suggested several specific reforms, including changes in the federal deposit insurance system, which was created by President Franklin D. Roosevelt '04. Robb said the government should lower the level of protection for individual bank accounts, and stop protecting multiple deposits by a single depositor...