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Retire At Your Own Risk24:50
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photoOne of the main agenda items at the two-day White House economic forum taking place this week is that of Social Security.

The Bush administration is arguing that without a radical overhaul, the Social Security system will go bankrupt. Critics counter that a simple increase in dedicated tax revenue would be enough to secure the system.

Tune to hear a breakdown of the proposals and the potential impact they could have on Americans' retirement.

Guests:

Paul Krugman, New York Times Op-Ed columnist, professor of economics at Princeton University, author of The Great Unraveling;

John Shoven, professor of economics and director of the Institute for Economic Policy Research at Stanford University, co-author of The Real Deal: The History and Future of Social Security;

William Dudley, chief U.S. economist at Goldman Sachs.

This program aired on December 16, 2004.

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