Social Security is not broke, and it will not go bankrupt.

Good morning to all of you. We are going to try to crank this hearing up on time, so I am going to bring the hearing to order.

Social Security's ability to pay benefits to current beneficiaries would be 'severely compromised.'

The reality is there is simply not enough young workers to support the Baby Boomers who are retiring at the rate of 10,000 a day for the next 19 years.

What is wrong is cutting Social Security benefits for people who worked hard all their lives.

The benefit cuts Republicans have put on the table this year would have devastating consequences for today's seniors.

The Republican Study Committee has proposed raising the retirement age to age 70, with benefit cuts starting in just 3 years.

$3 trillion is a lot of money. You can't pay benefits in bonds. Social Security needs cash.

We can't tell people to stop getting older.

So you don't think they violated the law when they didn't send one in the mail.

Republicans and Democrats agree on this much: current benefits should not change for those in or near retirement.

The Social Security statement is one of the few government publications that reaches nearly every working-aged American.

With chronic unemployment, falling incomes, and so many young people unable to find work, nothing we do should make it harder for Americans to find good-paying jobs.

the Subcommittee will hold a hearing on Social Security's current benefit expenditures, proposed changes to future benefits and the impact those changes would have on the program, future beneficiaries, workers, and the economy.

But young people deserve peace of mind, too.

We need to make sure Social Security is safe, secure and sustainable. Congress must act and the sooner we do so, the sooner we can protect those who are most vulnerable, including current retirees and those nearing retirement. And for…

Congress needs to act, and the sooner we do the sooner we can protect those who are vulnerable.

Come on.