Kent Conrad: “We need honest budgeting. We have got to have that, facts-based budgeting, not fantasy budgeting.”

You know, we did have discussions. One of the things on this commission, because of its makeup and the diversity of views on this commission, and the extraordinary difficulty of coming together on Social Security, which we thought was the…

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.

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

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