Kent Conrad: “The No. 2 issue of concern to Americans exceed only by the economy was escalating deficits and debt.”

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.

The consequence of failure has to be made clear.

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.

It lifts the bottom. It asks those of us at the top to take a little less of an increase than we might have expected.