Social Security Fix Requires Benefit Cuts And Tax Increases

WASHINGTON (AP) - Combining benefit cuts and tax increases is the only way the Bush administration says Social Security can be permanently fixed.

That's one of the key findings in a new paper on Social Security released by the Treasury Department in an effort to achieve common
ground on the politically explosive issue.

The Treasury paper says that while other changes to the giant benefit program might be desirable, "only these changes can restore solvency permanently."

Treasury Secretary Henry Paulson says he has had a number of discussions with members of Congress from both parties. So far those talks have produced no breakthrough on the issue that President Bush wanted to make the top domestic priority of his second term.

(Copyright 2007 by The Associated Press. All Rights Reserved.)

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  • by Faye Location: Idaho on Sep 24, 2007 at 08:31 PM
    If the government wants to fix Social Security, I have a suggestion: Let the government repay to the Social Security Fund all the money they stole from it for other programs. Every time they needed money for something, the first place they raided was Social Security. So, repay the debt and shut up.
  • by Steve Location: KY. on Sep 24, 2007 at 07:21 PM
    Send a few more billion to Iraq. That should fix the problem.
  • by Angie Location: Hyden,Ky on Sep 24, 2007 at 07:14 PM
    I think that it is stupid to cut peoples benefit, people just get by on what they draw now but people in washington could carelees how poor people like back here they pay it in all their lifes and then have to fight for what is rightfully their,s anyway but them people don,t care because they are already rich and don,t have to worried bout suffering or paying there bills i just think that the system is so unfair
  • by virgil Location: ky on Sep 24, 2007 at 12:34 PM
    get bush out
  • by Anonymous on Sep 24, 2007 at 12:34 PM
    (edited) BUSH


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