Kent Conrad: “I give the administration high marks for what you have done thus far to avert what I believe would have been a global…”

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

Well, you got a terrific one with her.

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