Kent Conrad: “I think all of us know the financial systems and internal controls at DOD need improvement.”

I would say personally I would not go to a company advising me on wealth management that did not have it because I think whoever is advising me ought to have as their highest responsibility to be giving me advice that is in my interest.

We tried to include some of these ideas in our Social Security reform package, to actually provide incentives in the system for people to continue to work.

It lifts the bottom. It asks those of us at the top to take a little less of an increase than we might have expected.

The new improvised system was not adequate.