Kent Conrad: “I have warned my colleagues many times that the debt is the threat. I believe that deeply.”

I would say personally I would not go to a company advising me on wealth management that did not have it because I think whoever is advising me ought to have as their highest responsibility to be giving me advice that is in my interest.

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.

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.

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