Kent Conrad: “Next year, we think we're about $10 billion short in the Trust Fund of meeting the requirements from the previous…”

Millions of Americans are financially unprepared for their retirement.

It takes guts to do that, and Chairman Arrington, you have certainly led the charge on having a commission.

I do, and I made that argument to the commission, and others on the commission made some of the points that you are making now.

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.