Kent Conrad: “I argued strenuously for a VAT tax or a consumption tax in whatever form to be part of the package.”

Millions of Americans are financially unprepared for their retirement.

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.

The one thing I know for sure is that what is happening now is not working.

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