NYTimes editorial on Soc Sec private accounts

[REACTIVATED IN CT]

.<snip> As he stumps for Social Security privatization, President Bush always gets a big round of applause for promising that the money in a private account could be passed on to one's heirs.
If those happy clappers only knew the details .<snip>


http://www.nytimes.com/2005/02/23/opinion/23wed1.html?ex=1266901200&en=f883879e17cad38b&ei=5090&partner=rssuserland

[brainshrub]

1. It's not a "Private Account" it's "Privatization."

Don't let the bastards frame the debate.

[judgejury]

2. Ya but a lot of the young people want to invest their own money.

Even Rock the Vote is finding out on their polls that one heck of a lot of young people want SOME control of their money. 12.4% (with matching employer money) on up to $90,000 buys a lot!

[REACTIVATED IN CT]

4. They can invest their own money...

in anything they want to by using IRA's - traditional or Roth . Also by putting money in their 401k Plans

[Dr Ron]

3. People may support without the details

I fear many people will support the plan based upon these vague promisies, and then be shocked when they see how it really works. It is also possible that many will never realize how they were conned. Some won't see it until after they retire far in the future. Others may never realize that what they expect to have happen after they died never takes place.