Retirees won't realize they got screwed until 2009 after * leaves.

[MikeG]

[jimquilty]

1. the question is whether

AARP will bend over on this like it did on medicare or whether it will actually fight for its membership.

[TexasLawyer]

2. Also, the real pain from borrowing money

is going to be faced a few years down the road as the amount of money slowly accumulating in privatized accounts has to be made up so that then-current retirees can be paid.

Bush has not talked about the mammoth transition costs involved in moving from a system in which today's workers pay the retirement benefits of today's retirees to a system in which today's workers pay for their own retirement.