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Privatizing Social Security doesn't make sense, and it's out of step with the fundamental value of ensuring that after a life spent working hard and contributing to the greatness of our nation, every American should have a secure retirement.

However, the Administration's plan to privatize Social Security will undermine retirement security for all Americans by cutting guaranteed benefits by more than 40 percent, and risky private accounts won't make up for the loss of benefits for millions of Americans.

But there is a need to explore ways we can preserve the promise of Social Security for future generations.

The president and Republicans in Congress have repeatedly promised to revisit Social Security privatization after November. But Americans have already said, loud and clear, that they don't want Social Security to be privatized or dismantled.

Social Security is a program that should be strengthened and preserved for future generations.

I agree that we must expand opportunities for retirement saving, but we must not undermine this worthy effort with a flawed privatization scheme that takes the 'security' out of Social Security.

Not only is privatizing Social Security not the solution to Social Security, it would exacerbate the problem.

Social Security not only helps Americans enjoy a secure retirement, it has also kept millions of Americans out of poverty.

Social Security must be preserved and strengthened. But we need to be candid about the costs and willing to make the tough choices that real reform will require.

We must work to stabilize Social Security. We must not gamble with our nation's social insurance program, one of our most popular and effective federal programs that has remained dependable and stable for the past 70 years.