http://news.yahoo.com/s/ap/20070925/ap_on_go_ca_st_pe/bush_social_security WASHINGTON - The Bush administration said in a new report Monday that Social Security is facing a $13.6 trillion shortfall in coming years and that delaying reforms is not fair to younger workers.
A report issued by the Treasury Department said that some combination of benefit cuts and tax increases will need to be considered to permanently fix the funding shortfall. But White House officials stressed that President Bush remains opposed to raising taxes.
Treasury Secretary Henry Paulson said he hoped the new report would help find common ground on the politically divisive issue, but a key Democrat charged that the administration will still try to fix Social Security by imposing sharp benefit reductions.
"The administration's new report is a reminder of President Bush's determination to not only privatize Social Security but to make deep cuts in the benefits that American workers have earned," said Senate Majority Leader Harry Reid, D-Nev. "Nobody should be fooled into believing that the only way to save Social Security is to destroy it with privatization or deep benefit cuts."
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I can't wait to see the Democratic Congress do this
Harry are ya gonna do it