Vice President Dick Cheney discusses Social Security at the Catholic University of America in Washington, D.C., Thursday, Jan. 13, 2005. "The President knows that the longer we wait to address the coming crisis, the more excuses that are made for inaction, the more difficult and expensive the job will be down the line," said the Vice President. "So in this new term, under his leadership, we will save Social Security, and put it on a path to permanent solvency and stability."