Kent Conrad: “I am pleased to yield 30 minutes to the Senator from Massachusetts after the Senator from West Virginia has concluded.”

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.

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.

You make very good points, by the way.

The consequence of failure has to be made clear.