Political Grapevine; Bush's Approval Rating Drops.

Publication: Finance Wire

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Original Source: FOX SPECIAL REPORT WITH BRIT HUME

ANGLE: The president, vice president, Senator McCain and others were talking about individual investment accounts in Social Security this week. And the opponents were just as active.

One of the key players in this debate is the AARP, the American Association of Retired Persons, and its president is Bill Novelli who joins us now to talk about this debate.

Bill, thanks for coming in.

BILL NOVELLI, PRESIDENT, AARP: My pleasure.

ANGLE: Let me ask you first, what is AARP's position on what needs to be done now to fix the solvency of Social Security? And how soon it needs to be done.

NOVELLI: Well, we do need to make it stronger. We need to make it stronger for future generations. And the sooner we do it, the less pain there will be. So, now is a good time. And we like the fact that the president has put it so high on the national agenda.

ANGLE: Now, President Clinton put it pretty high on the national agenda, too. Nothing happened for several years. It would be your hope that Congress would move this year, perhaps, to do something?

NOVELLI: It would be good if they did. Now is the time to fix it. We know that there are ways to tweak both the benefits side and the revenue side. So, nothing...

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