25 September 2007

Treasury Rekindles Social Security Debate

Washington Post Staff Writer
Tuesday, September 25, 2007; Page D01

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.

For much of the past year, Treasury Secretary Henry M. Paulson Jr. has been meeting with members of Congress from both parties in hopes of provoking action to put Social Security on secure financial footing. While those discussions have yielded no solutions, Paulson said, they have revealed that members of Congress share the administration's concern about severity of the problem.

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