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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I watched as a new Senator your work as a Democrat on fiscal accountability. You, in fact, were a deficit hawk among Democrats.
I thought he was an outstanding Committee Chairman, and my former intern has succeeded him in his Congressional seat.
If we are going to provide tax incentives for people to have retirement savings, then it should not be used as a piggy bank to pay for other things.
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.
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