Bush Kicks Off Social Security Campaign

At Washington forum, Bush kicks off New Year's campaign on Social Security

President Bush is kicking off his New Year's campaign for a Social Security overhaul in a forum sponsored by the White House.

Aides say today's session in Washington will feature different generations discussing the urgency of the problem.

The president proposes allowing younger workers to divert a big chunk of payroll taxes to an investment account that would supplement Social Security benefits. But he has refused to say how he would replace the cash -- or specify how guaranteed benefits would come down.

Bush insists Social Security will be swamped when Baby Boomers retire. However critics note the system can still pay full benefits until mid-century -- and they accuse Bush of using crisis rhetoric so he can partially privatize the system.