Kent Conrad: “Just because you call something an investment does not make it so, certainly not a good investment.”

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.

Millions of Americans are financially unprepared for their retirement.

It was incredibly important that we not only made Social Security solvent, but we lifted the bottom 20 percent dramatically.

It lifts the bottom. It asks those of us at the top to take a little less of an increase than we might have expected.