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To: Crimson Ghost who wrote (17807)	12/6/2004 5:34:57 PM
From: mishedlo	Respond to of 116555

White House: Social Security fix requires borrowing By Corbett B. Daly WASHINGTON (CBS.MW) -- President Bush believes the federal government will have to increase its borrowing to pay for transition costs associated with adding personal retirement accounts to Social Security, White House spokesman Scott McClellan said Monday. "The Social Security system is unsustainable. It needs to be fixed," McClellan said. Asked if the "upfront transition" costs of fixing the seven-decade old government sponsored retirement system required more government borrowing, the spokesman said "that's what you're looking at doing as part of the transition" to a sustainable retirement program.