Kent Conrad: “We have got the lowest revenue as a share of the economy in 60 years, the highest spending as a share of GDP in 60…”

If we are going to make this whole system solvent, it is going to take everybody to give a little bit.

If you had to reduce it to a word, I would reduce it to 'globalization.'

Can I just respond quickly, Mr. Chairman, and say when Simpson-Bowles went down, a group of six of us in the Senate, three Democrats, three Republicans, were asked by leadership to see if we couldn't come up with a way forward to adopt the…

There is going to be a 23-percent cut across the board by 2034.