Kent Conrad: “Spending as a share of our national income is the highest it has been in 60 years.”

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.

Things are changing very rapidly, and it presents us with a requirement to change how we envision retirement as well.

I am eager to hear from our panelists to get a better sense of all the options they considered and how they reached consensus on the final report.

The bottom 20 percent of earners get a 35-percent increase over what is scheduled, a more than 60-percent increase over what is payable.