Many in GOP Wary of Social Security Plan - There is little disagreement that Social Security needs to be bolstered, because in 2018 annual benefits paid out will start exceeding revenues coming in. If it is not changed by 2042, the system will be able to afford to pay only three-fourths of the benefits now due recipients. ...

Bush has yet to detail his plan. He is expected to propose letting workers divert some — perhaps 2 percentage points — of the 6.2 percent payroll tax they now pay on wages into private investment accounts. Those opening such accounts may have to accept smaller regular Social Security benefits in exchange.
--AP