Kent Conrad: “Our--and our approach, which Senator Conrad touched on here just a minute ago, is a three-part plan...”

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.

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.

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…

Millions of Americans are financially unprepared for their retirement.