Lloyd Smucker: “This budget proposes close to $5 trillion in new taxes.”

There’s already a retirement age that has been increasing gradually for a certain cohort, and that’s one of the changes you could make, and that would seem to make sense because people are living longer.

My view is that this will need to be done on a bipartisan basis.

I think this requires a conversation, a broad conversation with the American people, talk about … what it is that we can do to change, to make good on the promises on Social Security, but also change the fiscal trajectory.

We can ensure that the system continues to exist for young people, exceeding their expectations.