Government Accountability Office
has indicated in a report that the Social Security system
does not face an immediate crisis.
However, it cautioned that it does have long term financing problem
and that intervention sooner rather than later would be prudent.
The GAO is a nonpartisan government entity headed by David M. Walker.
It was also critical of President Bush's two month campaign to gain support
for his reform plan.
He suggested that the time would be better spent
if both the president and members of congress concentrate
on improving the systems finances.