Kent Conrad: “I supported extending the tax cuts. I supported extending all of them because I believed the economy was in such weak…”

The one thing I know for sure is that what is happening now is not working.

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…

The new improvised system was not adequate.

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