Bush Warns of Social Security Bankruptcy
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President Bush said Saturday that Social Security "is on the road to bankruptcy" and unable to pay promised benefits to future generations, raising the stakes in a major political battle with Democrats.
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President Bush called Wednesday night for a historic restructuring of Social Security that would allow younger workers for the first time to invest some of their payroll taxes in the stock market.
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If President Bush wants to push his plan to overhaul Social Security through Congress during his second term, he will probably have to do something he rarely did during his first term: get his hands dirty.
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GREAT FALLS, Mont.  - President Bush warned on  Thursday that retirement benefits for younger workers were at  risk and conceded he faced a battle in Congress to win over  skeptics of his plan to remake the 70-year-old Social Security  system.
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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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Democrats accused President Bush on  Saturday of trying to scare Americans into believing the Social  Security retirement system is in crisis to build support for  his private investment account plan.
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President Bush on Thursday ruled out raising taxes to finance the centerpiece of his second-term domestic agenda: a Social Security overhaul to help the system survive an impending wave of retiring baby boomers.
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US President Bush said that ânow is the time to confront Social Security to deal with a projected $3.7 trillion shortfall over 75 years and give younger workers the ability to invest some of their retirement money in personal accountsâ.
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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 will use a two-day  economic conference this week to try to build support for a  planned overhaul of Social Security his critics say could put  the retirement system at risk.
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Democrats on Thursday said President Bush's proposed overhaul of Social Security would burden future generations with massive debt and undo income protection promised to the elderly since Democrat Franklin Roosevelt was president.
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The Bush administration predicts financial markets would applaud a costly overhaul of Social Security for tackling long-term financial obligations weighing on the federal budget.
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The long-term economic health of the United States is threatened by $53 trillion in government debts and liabilities that start to come due in four years when baby boomers begin to retire.
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I am sick of being blamed for bankrupting the country's future. The coming collapse of Social Security, soaring drug costs in Medicare, the breakdown of Medicaid -- all my fault! Because I and millions of others are growing older and are about to become eligible for these giant public programs.
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President Bush will outline his  politically risky plan to revamp the Social Security retirement  system in a State of the Union speech on Wednesday night that  will also stress the need to stay the course in post-election  Iraq.
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President Bush chided Sen. John Kerry and fellow Democrats on Monday for asserting that Republicans will undermine Social Security, calling the strategy
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WHAT'S POSSIBLE: Social Security disability benefits may not be safe from the across-the-board cuts that are likely in President Bush's proposal to allow personal investment accounts.