Kent Conrad: “This is not going to be solved with one step. There are going to have to be many significant steps taken for us to be…”

Millions of Americans are financially unprepared for their retirement.

Social Security's financial challenge affects nearly our entire society, and the solutions will require a broad-based approach.

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.

Can I just respond quickly, Mr. Chairman, and say when Simpson-Bowles went down, a group of six of us in the Senate, three Democrats, three Republicans, were asked by leadership to see if we couldn't come up with a way forward to adopt the…