Progress on Debt

Today on July 7,2011 there was a meeting at the White House with Congressional Leaders about cutting the debt deficit. In the article by The Wall Street Journal it states how the meeting was constructive in cutting our national debt and what our leaders where doing about it from looking at tax loop holes to the way the government spends money each year.
What was interesting about it was that in the article it reported that the talks included changes to Social Security which according to The Wall Street Journal that some people believe to be untouchable. The White House commented on this report by saying " that while Social Security is not a major driver of the deficit, we do need to strengthen the program". What this could mean is that the government may increase the age that people need to retire at or the amount each person gets but for now it's unclear on what they plan to do with Social Security until a finalized plan to solve our debt is created. Another meeting with officials is scheduled this Sunday so we'll find out more about what the plan is to solve our debt.
This article is worth reading and why I chose this article rather than other is  because it's critical to the status of the government because if we fail to reach a plan by August 2. It could send our economy into a second even worse recession and send the global economy into a recession or worse that would take years to recover from.