Kent Conrad: “I think that you are pretty much on target, and I would start with the regulation piece of it.”

Social Security's financial challenge affects nearly our entire society, and the solutions will require a broad-based approach.

We admire that, and I can say on both sides of the aisle, people recognize the job he did as Budget Committee Chairman.

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.

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…