For starters, S4 National Director Mark Harris is featured in this week's Q&A on The Hill's Congress Blog.  Mark writes:

"In order to bring the system in balance there will need to be a dramatic cut in benefits, a dramatic increase in the retirement age, a dramatic tax increase, or some combination thereof. Without personal retirement accounts there is little doubt the system will break, and that is why our organization is so dedicated to this cause."

S4 also issued a press release in response to today's 2007 OASDI Trustees Report on the overall health of Social Security and Medicare.  Here is S4's Natalie Vernon:

“If we were to look around the world at how other countries are solving similar crises, we would find plenty of models for reform that include individual investment.  Personal accounts are tried and true, and they will be a part of reforming our Social Security system.” 

It shouldn't be much of a surprise that the Trustees Report is not too optimistic about the future of Social Security.  From the report summary:

"Projected OASDI tax income will begin to fall short of outlays in 2017, and will be sufficient to finance only 75 percent of scheduled annual benefits in 2041, when the combined OASDI Trust Fund is projected to be exhausted.

Social Security could be brought into actuarial balance over the next 75 years in various ways, including an immediate increase of 16 percent in payroll tax revenues or an immediate reduction in benefits of 13 percent or some combination of the two. Ensuring that the system is solvent on a sustainable basis beyond the next 75 years would require larger changes."