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 principles of Simpson-Bowles and make whatever changes are necessary to actually be in a position to pass something.
Conrad recalls bipartisan efforts to revive the Simpson-Bowles principles after its initial failure.
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If we are going to have tax-advantaged vehicles to encourage people to save for retirement, then the savings ought to be for retirement.
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