Help a dumb DU'r

[really-looney]

Can someone please help me here, I thought we already had private accounts. They are IRA's,401k's, 403b's, anyone can contribute, they are voluntary, it seems we already have what the pResident wants, private accounts

[Sydnie]

1. but he wants to decide what funds get your investments

rather than you picking the vehicle.

Just more ways to line his buds pockets.

[WillowTree]

2. What the President...

....wants to do is to allow people to place a percentage of their regular SS contributions into such an account rather than putting it into the SS system itself--

[Psephos]

3. The reform plan is to divert some of the 12.4% SS payroll tax

IRAs, 401Ks, etc. are not funded with a payroll tax, as Social Security is.

[really-looney]

6. Sounds like personal ownership to me

[alcuno]

4. We do. And 50% of Americans have NO pension plan from their work.

Nada.

[BlueEyedSon]

5. Wassamatta, don't you want ONLY private accounts? They're BETTER.