WSJ reports adding Private Accounts hasten from 2018 to 2012 Soc Sec prob.

[papau]

"The year's budget writing will be complicated by the parallel debate over Social Security. While Mr. Bush last week acknowledged that private accounts, by themselves, wouldn't help Social Security's long-term financial outlook, now the Social Security Administration's chief actuary has informed the White House that its plan would hasten to 2012 from 2018 the date when Social Security will begin taking in less in payroll-tax revenues than it is paying out in benefits."

"The actuary, Stephen Goss, wrote White House adviser Charles Blahous that the costs to Social Security of workers diverting some payroll taxes to their personal accounts will exceed the amounts by which the government would reduce payments from the accounts to retired workers or their survivors to offset the initial payroll-tax diversion. 'Annual cash-flow deficits (negative annual balances) appear in 2012, or six years earlier than under current law,' Mr. Goss wrote.

[ClintonTyree]

1. It's dead in the freaking water anyway..................

the WSJ always pushes the bush baby's agenda, this is merely a blip on their radar screen.

SS piratization has as much chance of being passed as I have of being elected Prez in '08. None. The Slugs would be committing suicide for decades if they touched it, and all but the most rabid bush ass lickers know it.