Kent Conrad: “I personally applaud you for doing that. I think Senator Gregg has been very clear about our concerns about this not…”

Millions of Americans are financially unprepared for their retirement.

It takes guts to do that, and Chairman Arrington, you have certainly led the charge on having a commission.

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.

I wish I could look you in the eye and say, you know, if we just had the will, we could reverse this, and we could go back to a time when defined benefit plans were on the increase. I do not think that is in the cards.