Kent Conrad: “My understanding that the operations of those institutions are included in the CBO budget numbers now, but not in the…”

Millions of Americans are financially unprepared for their retirement.

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.

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…

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