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Social Security has not contributed to the deficit problem.

Social Security is legally prohibited from contributing to the deficit. It cannot use debt to pay out benefits.

I've never said anything about privatizing Social Security.

I think it's very important not to confuse the importance of dealing with Social Security in the long term with these short-term deficit reduction challenges. They're different issues.

The President has no real plan to address the fiscal challenges arising from the retirement of the baby boom generation, let alone a plan to fix Social Security.

Social Security is not broke, and Social Security does not need to be privatized.

Raising taxes does nothing to allow the economy to recover.

While Social Security faces some long-term challenges, the system is not in crisis.

Cutting budget deficits can never be just an exercise in economics.

I never sought to privatize Social Security.