Josh Marshall at Talking Points Memo has a “fantastic explanation of the Bush administration’s ‘solution’ to the Social Security ‘crisis’”:http://www.talkingpointsmemo.com/archives/week_2005_05_01.php#005638. In short, both the ‘crisis’ (reduced benefits starting in 2041) and the ‘solution’ (reduced benefits starting in 2012) are the same.
The CBPP has kindly provided the “numbers to back that up”:http://www.cbpp.org/5-10-05socsec.htm, showing that the President’s plans don’t even solve the solvency problem they claim to solve. Instead, they create trillions of dollars in new debt for no reason at all.