Kent Conrad: “That we should not bet the farm on a specific number with a 10-year forecast because of the failure of previous…”

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.

This Retirement Security Plan structure that we have suggested I think would go a long way toward dealing with these issues.

I think there is just a tremendous opportunity here, and I really applaud the two of you for doing this in a bipartisan way.

If you had to reduce it to a word, I would reduce it to 'globalization.'