Kent Conrad: “Unless we are able to form a local consensus, there is virtually no chance that we will secure Federal funding.”

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

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

I would just say in this whole area of lifetime income options, there is a tremendous opportunity here.

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