For the reader who has been waiting over two months for me to update the comment on the FY 2004 budget (if there is one), the main reason I haven't is that the Center for Budget and Policy Priorities provided the analysis than needed to be done (here it is in PDF form).

Of course, the only way to ensure that Social Security and Medicare shortfalls are "[not left] hanging over the heads of our children and grandchildren" is to eliminate the programs entirely. But the budget is oddly silent on when that will be done. (Best guess, the 2006 Budget.)