Kent Conrad: “We did have a chance to look at what you and the Congressman have offered, and we think that makes a significant…”

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

We did a whole series of things in our Social Security reform not to discourage people from working, but to encourage them to continue working if they are able to do so.

The one thing I know for sure is that what is happening now is not working.

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…