President Bush has endorsed a proposal to slow the growth in future Social Security benefits for middle‐ and upper‐​income retirees by changing the benefit formula from wage indexing to price indexing. Critics charge that such a change will weaken Social Security’s foundations while hitting the middle class hardest. Supporters claim it is a fair way to bring Social Security’s promised benefits in line with what can actually be paid. Join us as Robert Pozen, author of the progressive price‐​indexing concept, and two other experts discuss the impact of this proposal.