President Clinton should lead efforts to keep Social Security solvent but not ask Congress to raise taxes, Rep. Bill Archer, chairman of the House Ways and Means Committee, said Saturday.
"Saving Social Security will require presidential leadership, and it will require specifics," Archer, R-Texas, said in the weekly Republican radio address. "It will require something that only President Clinton can provide."
Archer repeated his earlier assertion that Clinton "may be making the biggest miscalculation of his presidency" if efforts to rescue Social Security are left to competing ideas in Congress.
So far, the Clinton administration has not decided whether to submit a detailed plan of its own or work with various congressional proposals.
Unless some changes are made, Social Security will go bankrupt in 30 years as the big baby boom generation retires.