Kent Conrad: “Millions of Americans are financially unprepared for their retirement.”

I cannot be part of any recommendations on long-term care because I am conflicted.

We all know that Social Security is going to have to be dealt with, or we are going to face by 2034 at the latest--many of us believe it will be earlier than that---an across-the-board 23-percent cut.

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.

What is realistic is to deal with these changes in a way that does expand access, that does expand the opportunity for people to participate in a retirement plan at work.