Kent Conrad: “I think it is going to need more impetus to help us get the housing sector back on track and clear the inventory that is…”

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…

It was incredibly important that we not only made Social Security solvent, but we lifted the bottom 20 percent dramatically.

The bottom 20 percent of earners get a 35-percent increase over what is scheduled, a more than 60-percent increase over what is payable.

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