Kent Conrad: “These budgets, all of them in all of the Federal Government, this is not going to work.”

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

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 new improvised system was not adequate.

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