Kent Conrad: “I think I agree with Senator Conrad on this.”

If you are really going to relieve me of the administrative burden, if you are going to really relieve me of the liability, if you are going to really relieve me of the cost other than the payroll transfer.

The consequence of failure has to be made clear.

The bottom 20 percent of earners get a 35-percent increase over what is scheduled, a more than 60-percent increase over what is payable.

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