Kent Conrad: “I believe that build-up of debt fundamentally threatens the economic security of this country. I believe it in my bones.”

If you are really going to relieve me of the administrative burden, if you are going to really relieve me of the liability, if you are going to really relieve me of the cost other than the payroll transfer.

I would just say our Retirement Security Plans and our Retirement Security Clearinghouses are responding to the underlying dynamic that Professor Mead has done such a good job in describing.

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

I urge you to vote for the confirmation of Dave Turk. I urge you to do it quickly.