Kent Conrad: “We can split the time so the Senator has a chance to conclude his thoughts. The PRESIDING OFFICER. Without objection, it…”

I would just say in this whole area of lifetime income options, there is a tremendous opportunity here.

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 all know that Social Security is going to have to be dealt with, or we are going to face by 2034 at the latest--many of us believe it will be earlier than that---an across-the-board 23-percent cut.

If we are going to provide tax incentives for people to have retirement savings, then it should not be used as a piggy bank to pay for other things.