Kent Conrad: “I do not think Congress, the House or the Senate, are going to be very interested in bailouts to States.”

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

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

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.