Social Security Debate

Both sides in Social Security debate preparing for trustees report

Democrats and Republicans are waiting for a report detailing Social Security's financial state. Today's report by the trustees of Social Security and Medicare will give an update as to when the program might go broke.

The financial stability of the program has been at the center of a debate over President Bush's plans to change the system and allow workers to divert payroll taxes into a private account.

Meantime, Democrats have been accusing the administration of overstating the funding crisis facing Social Security. And critics say the White House needs to release all aspects of the report so it can't conceal some projections concerning Medicare spending.