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.

All Americans have a sacred duty to guarantee Social Security benefits to our nation's senior citizens.

As you know, Social Security functions under the premise that today's workers will help finance benefits for retirees and that these workers will then be supported by the next generation of workers paying into the same system.

Under the current pay-as-you-go Social Security system, not one person is actually guaranteed benefits.

The fine print in the President's Social Security proposal is that all present and future workers under age 55 will have their promised retirement benefits cut.

Social Security is more than just a retirement program. The biggest misunderstanding is that it's a program for old folks.