Security breach

A large, looming shortfall faces the Social Security system, and members of Congress have several options for dealing with it: cut and paste, tax and spend, or borrow and invest. Their choice will have to appeal to both retirees and young wage-earners | Timothy Lamer

Members of Congress have probably never heard of Steve Jamieson, a single 26-year-old graduate of Covenant Theological Seminary in St. Louis who currently works at the seminary's library. But that doesn't mean he's not on their minds.

Right now, Mr. Jamieson and millions like him are the focus of intense debate in Washington, as President Bush campaigns for politically difficult Social Security reforms. How Congress responds likely will determine both the future of America's most popular government program, which is facing a multitrillion-dollar shortfall, and the outcome of the 2006 and 2008 elections.

Here, then, are some possible scenarios for how Social Security reform will develop, and what they likely mean for Mr. Jamieson and his contemporaries:

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February 19, 2005, Vol. 20, No. 7

Iraq: Unity in adversity Feb. 12, 2005	Johnny Carson: In memoriam Feb. 5, 2005	Bush: Hail to the chief Jan. 29, 2005
Abortion: Delta force Jan. 22, 2005	Tsunami Jan. 15, 2005	Year in Review 2004 Jan. 1, 2005