Kent Conrad: “What is going to happen is our banking system as we know it is going to change.”

I would just say our Retirement Security Plans and our Retirement Security Clearinghouses are responding to the underlying dynamic that Professor Mead has done such a good job in describing.

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

We did a whole series of things in our Social Security reform not to discourage people from working, but to encourage them to continue working if they are able to do so.

We tried to include some of these ideas in our Social Security reform package, to actually provide incentives in the system for people to continue to work.