Even without reforms, the Social Security fund will be able to meet 100 percent of its obligations until 2042.

We must take the time to do what needs to be done now, what is right, instead of passing a bad bill.

For people who have for been putting their hard-earned money into the system for years, the president's idea would replace their safety net with a risky gamble with no assurance of a stable return of investment.

Because Social Security is specifically designed to boost the retirement income of low earners with a progressive benefit formula, the program has played an enormous and necessary role in keeping Latinas out of poverty.

Because of their low earnings and family obligations, Latinas would not be putting much money into private investment accounts. An average Latina could wind up losing thousands of dollars under this proposal.

Almost half of all Latinas currently on Social Security rely exclusively on their benefit check in retirement.

To allow all U.S. workers to put part of their earnings into private investment accounts would definitely erode the Social Security system and cause uncertainty for new investors.