The American people do not like privatization. They are afraid of the debt the president's willing to do. And they don't like benefit cuts. And everyone here should understand all 45 Senate Democrats are united. We are not going to let this happen.

There's a lot we can do to improve American's retirement security, but it's wrong to replace the guaranteed benefit that Americans have earned with a guaranteed benefit cut of forty percent or more.

Now remember, we've already done more than a billion dollars worth of cuts. We've already done that. So we need to get some credit for that.

Cut, Cap and Balance is worst legislation in history.