Kent Conrad: “We are hurdling toward it. That is one thing we know with certainty.”

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.

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

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.

The new improvised system was not adequate.