Bush administration officials have published a discussion of strategies for cutting Social Security income benefits.

Critics of the Bush administration argue that it has exaggerated the problems facing Social Security in an effort to promote changes such as the creation of private, individual Social Security investment accounts.

Officials at the U.S. Treasury Department contend that changes are inevitable, because the program seems likely to become insolvent in 2041.

Most policymakers seem to agree that, if benefits must be cut, the cuts should affect higher-income workers and retirees before they affect lower-income workers and retirees, Treasury officials write in the new “progressive benefits reduction” analysis.