Kent Conrad: “We also increase the payroll tax very modestly, from the current combined rate of 12.4 percent to 13.4 percent over 10…”

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…

I have seen retired schoolteachers have to go back to work in their 70's after their husbands have died or their wives have died.

We all know that Social Security is going to have to be dealt with, or we are going to face by 2034 at the latest--many of us believe it will be earlier than that---an across-the-board 23-percent cut.

I think there is just a tremendous opportunity here, and I really applaud the two of you for doing this in a bipartisan way.