The main purpose of Social Security is to redistribute wealth, to make an increasingly large number of Americans dependent on government for their basic needs in their retirement years.

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Let me be clear, the discussions about Social Security are not about the retirement security of those Americans who are 55 or older - the Social Security system for those folks 55 and over will not change in any way shape of form - no ifs, ands, or buts.

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On the other end of the spectrum, these women who do live long enough to collect Social Security face the challenge of being disproportionately dependent on the Social Security system for retirement income.

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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.

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

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Social Security is the very foundation of retirement security for millions of Americans.

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Indeed, I think most Americans now know that in 1935 when Social Security was created, there were some 42 Americans working for every American collecting retirement benefits.

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We need to build on the success of Social Security by developing bold and innovative ways for Americans to build wealth and save for retirement. I believe we can work together in a bipartisan manner to accomplish these goals.

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At their core, Americans all want the same basic things: a quality education for their children, a good job so they can provide for their families, healthcare and affordable prescription drugs, security during retirement, a strongly equipped military and national security.

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The President and I agree that Social Security needs to be preserved so that we can ensure that all Americans receive the retirement benefits they've been promised. But we disagree as to how best to fix the system.

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Social Security, for example - I'm 43. I've paid into the system. You know what? That money has been stolen from me. I know that my parents who are on Social Security - they've got to continue to receive it. They're dependent on it. It is their primary source of income.

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The 1993 Social Security tax penalizes seniors who have planned for their retirement through savings, investment and hard work. That's wrong, and that's why the double tax on Social Security must end.

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There's been a lot said about Social Security reform. What has been left out of the debate is the double tax on Social Security benefits. I believe it's time to get rid of a tax that punishes seniors and discourages work and retirement savings.

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President Roosevelt, the author of Social Security, was the first to suggest that, in order to provide for the country's retirement needs, Social Security would need to be supplemented by personal savings accounts.

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In order to fix Social Security, we must restructure it so that we continue to provide for our Nation's seniors that are approaching retirement age, but allow for younger taxpayers to invest a portion of their Social Security taxes in private accounts.

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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.

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It's time to stop the raid on the Social Security trust fund and start allowing Americans to invest their Social Security taxes in personal savings accounts.

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Our constituents paid into Social Security, and they want it paid back to them when they retire. Cutting Social Security benefits that Americans have earned should always be a last resort.

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Currently, more than 4.7 million African Americans receive Social Security benefits, and nearly 8 million people with disabilities depend on Social Security for their daily sustenance.

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I have the highest number of Social Security recipients of any Member of Congress, and it is always good to hear about how women in their districts are affected by any changes, by the need for changes in Social Security.

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Social Security Reform

They have found an answer for social security
Put them in a nursing home, no liability
Medicaid and medicare will probably have to pay
Then they'll only live a year or two and become their prey
The nursing home corporations, will get rich
And the social security payments, they can ditch
Who's powerful enough to point a finger at them
Some politicians is where it all will stem
The corporations make large contributions
Giving social security great solutions
Let's change the laws and cap health care liabilty
And hurt the care in nursing homes, supposed to be tranquilty
I guess when people get old, they don't need a voice
After all it's not their own, it's the goverments choice!

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