Just four weeks into his term as Treasury Secretary, Paulson is already defining one of his main goals as reforming the Social Security system. In this interview with CNBC, Paulson notes that one of the major long-term challenges for the economy is Social Security. Fixing it is clearly a priority for the new Treasury Secretary-he notes "The longer we wait to fix this problem, the more limited will be the options available to us, the greater the cost and the more severe the economic impact on our nation."
With the the media attention he gets as a new appointee, Paulson is in an ideal position to put this issue back on the legislative table. If he can keep the bipartisan support that he enjoyed through his confirmation process, we could see meaningful reform before the available options dwindle even further.
