Kent Conrad: “We have a revenue system that, too, I think is broken, badly out of date.”

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.

I do, and I made that argument to the commission, and others on the commission made some of the points that you are making now.

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

That I like to call the 'Conrad provision.'