Kent Conrad: “The thing that is most curious to me, in the Wall Street Journal, they say MF Global's trading frenzy might have…”

We also increase the payroll tax very modestly, from the current combined rate of 12.4 percent to 13.4 percent over 10 years.

We owe it to these men and women to strengthen our retirement system.

That I like to call the 'Conrad provision.'

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…