"The President's plan is so dangerous," said Harry Reid, the Senate Minority Leader. "There's a lot we can do to improve Americans retirement security." OK, there you have it, "There's a lot we can do..." So, after months of denying that any problem exists, now "there's a lot we can do". It begs the question, Harry, you've been in the House and the Senate for 22 years, if there's so much, why haven't you done anything already?
Here's how it plays out. Even though democrats don't think there's a Social Security problem, they will introduce their own plan. It won't have any hope of doing anything productive but Republicans can't get Bush's plan passed without help from across the isle. They compromise. The end result is a program that is practically useless and is so convoluted it will become known as the Financial Advisors and Accountants Full-Employment Act of 2005.