U.S. Senator Dick Durbin says he and his colleagues need to get a plan in place to make sure the Social Security system stays intact.
Durbin says the program can handle its responsibilities with no problems for the next 20-years, but it won't be able to handle the load much longer than that.
Recent reports indicate that the Social Security program is worse off than budget analysts anticipated and is facing a potential shortfall thanks to lower future payroll-tax revenue and low interest rates. Some suggest privatizing the program but Durbin is not on board with that plan. He says that'll fail to fund the current obligations and could cause more harm than good to those who depend on the system.