In Montana, Bush Faces a Tough Sell on Social Security
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The president's power to grab attention was on display in Montana last week, but Social Security showed a power of its own.
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Social Security battle comes as both state and private retirement plans are shifting.
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The Bush administration stepped up its attempt to build support for restructuring Social Security yesterday, saying in a Treasury Department report what it has said elsewhere: that the popular program will require either tax increases or cuts in benefits to remain viable in its current form.
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President Bush on Wednesday urged  jittery Republicans in the U.S. Congress to back his overhaul  of Social Security, saying partially privatizing the retirement  system was worth the political price.
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President Bush said Saturday that Social Security "is on the road to bankruptcy" and will be unable to pay promised benefits to future generations, raising the stakes in a major political battle with Democrats.
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Pressing further for a change to the Social Security system, President Bush promised Thursday that seniors would not lose benefits under his plan to allow younger workers to divert
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With their push to restructure Social Security off to a rocky start, Bush administration officials have begun citing two Democrats -- former President Bill Clinton and the late senator Daniel Patrick Moynihan -- to bolster their claims that the retirement system is in crisis.
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Officials representing business groups, financial service companies, banks and insurance firms are gearing up for a legislative fight over Social Security, telling White House officials Thursday they are solidly behind President Bush's desire to remake the retirement system next year.
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Facing an intensifying fight over  his plan to revamp Social Security, President Bush insisted on  Saturday that the retirement program was in peril and he had a  moral responsibility to fix it.
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President Bush is drawing a long gray line through the baby boom generation, hoping to keep the oldest at bay and the youngest at his side as he pursues drastic changes to Social Security.
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For a president who delivered more than $500 billion in drug and health benefits to people  older than 65, Bush is not enjoying an advantage with the beneficiaries of that largess.
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With federal deficits already running amok, it is unclear how President Bush will pay for his second-term agenda, a potentially multitrillion-dollar smorgasbord that includes overhauling Social Security and revamping the tax system.
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President's plan to overhaul Social Security reflects bigger fight of free market vs. safety net.
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There's one thing I think we can all agree on when it comes to President Bush's proposal to set up personal investment accounts as part of the Social Security program: As the saying goes, the devil is in the details, and the details are woefully lacking thus far.
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WASHINGTON -- President Bush, who has promised that his plan to allow private investment accounts in Social Security would give workers a &quot;better rate of return,&quot; is seriously mulling a companion effort that could cut future promised retirement benefits for millions of workers by 6 percent, even when potential gains from private accounts are included, analysts said.
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WASHINGTON - The Bush administration said in a report yesterday that Social Security is facing a $13.6 trillion shortfall in coming years and that delaying reforms is not fair to younger workers.
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President Bush said Thursday that "now is the time to confront Social Security" to deal with a projected $3.7 trillion, 75-year shortfall and give younger workers the ability to invest some of their contributions into personal accounts.