Kent Conrad: “It was nice to hear Senator Byrd say that this would be a good time to have some civilized discussion about procedures…”

The new improvised system was not adequate.

If you are really going to relieve me of the administrative burden, if you are going to really relieve me of the liability, if you are going to really relieve me of the cost other than the payroll transfer.

There is going to be a 23-percent cut across the board by 2034.

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