Kent Conrad: “We do not just have a spending problem, although we do have a spending problem, we also have a revenue problem.”

Can I just respond quickly, Mr. Chairman, and say when Simpson-Bowles went down, a group of six of us in the Senate, three Democrats, three Republicans, were asked by leadership to see if we couldn't come up with a way forward to adopt the…

We admire that, and I can say on both sides of the aisle, people recognize the job he did as Budget Committee Chairman.

It takes guts to do that, and Chairman Arrington, you have certainly led the charge on having a commission.

Millions of Americans are financially unprepared for their retirement.