Kent Conrad: “Hey, your State gets a lot more Federal money than you send in tax dollars. And, you know, now you're down making an…”

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.

We also increase the payroll tax very modestly, from the current combined rate of 12.4 percent to 13.4 percent over 10 years.

We admire that, and I can say on both sides of the aisle, people recognize the job he did as Budget Committee Chairman.

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.