the miracle of compounding investment returns turns out to be overwhelmed by the tyranny of compounding cost.

that just doesn't seem right to me, sir.

As President Obama has emphasized just this week, we must put Social Security on a sound financial footing for the indefinite future.

We need more organized retirement savings.

The Federal Reserve Board must take seriously its responsibility to combat asset bubbles.

We have to assure these people that the one thing they could count on will still be their Social Security and Medicare.

now is not the time to frighten people out of the market.

I hope the Committee will pay the same attention to these issues as we move forward.

I firmly believe that workers have the right to know exactly how much is taken from their accounts.

Retirees ought to have financial security that allows them to focus on family and friends without sacrificing their standard of living.

In the short-term, Congress must address ways to improve defined contribution plans.