In scanning the AP piece that Peter called our attention to below, I noticed an interesting couple of paragraphs:
Declaring Social Security will go broke if nothing is done, Bush said that by 2042, "the entire system would be exhausted and bankrupt."
In fact, the nonpartisan Congressional Budget Office (news - web sites) forecasts Social Security as it is would be able to pay 73 percent of benefits in 2042 and stay solvent for 10 years beyond that.
So in other words, the system will remain "solvent," assuming that benefits are reduced by over one-fourth? Is that supposed to make those of us who will be thinking about retirement at around that time feel better about the health of Social Security?