Kent Conrad: “There is going to have to be serious money spent there so that the energy needs of the country can be met efficiently.”

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…

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.

We admire that, and I can say on both sides of the aisle, people recognize the job he did as Budget Committee Chairman.