Kent Conrad: “I would just respond to the gentleman that I have seen a bigger budget gimmick, and that is fighting the war in Iraq…”

I do, and I made that argument to the commission, and others on the commission made some of the points that you are making now.

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…

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

What is realistic is to deal with these changes in a way that does expand access, that does expand the opportunity for people to participate in a retirement plan at work.