Kent Conrad: “A handful of people created, through excessive greed and dishonestly creating all of these esoteric financial tools…”

Millions of Americans are financially unprepared for their retirement.

I wish I could look you in the eye and say, you know, if we just had the will, we could reverse this, and we could go back to a time when defined benefit plans were on the increase. I do not think that is in the cards.

We did a whole series of things in our Social Security reform not to discourage people from working, but to encourage them to continue working if they are able to do so.

Social Security's financial challenge affects nearly our entire society, and the solutions will require a broad-based approach.