Reply #11: Quoted from Daily Kos:

[blondeatlast]

If we don't do anything at all, if we just stay where a lot of people have said we ought to stay -- there are a number of members of Congress of the other faith who have said that we don't need to do anything -- well, if you don't do anything, the net result will be, for somebody today, say, in their 30s, by the time they get to retirement age, their benefit levels are going to be cut some 26 percent or 27 percent. Automatic, that's what will happen with today's existing law.

http://www.dailykos.com/story/2005/5/4/155225/5465

As stated further down in the thread, it's getting repeated.

Straight from the Heritage Foundation to your Bush-voting neighbor's mouth--guaranteed.