How can anyone with a 401k, or even a savings account of their own, continue to have trouble with President Bush's suggestion of private accounts for inclusion in any Social Security fix. The options without private accounts are like trying to fix a flat tire with bubble gum.
From the White House website:
To keep the promise of Social Security alive for our children and grandchildren, we need to fix Social Security now once and for all. We can not pretend the problem doesn'’t exist. The fact is Social Security will go broke when our young workers get ready to retire. Every year we wait the problem becomes worse for our children.
I can only wish that they had put a plan like this in place earlier. I'll be turning 50 this year; very close to the cut off that's been suggested. The alternatives are not much to look forward to. Higher taxation, reduced benefits, and all without the ability to pass on what I don't outlive. What kind of answer is that? This kind according to Michelle Malkin:
In other words, Republicans would give Democrats almost everything they want and get virtually nothing in return. Sounds like the kind of plan John McCain and other Senate "mavericks" will enthusiastically support.Senator McCain, et. al. : Don't you get it? We're the majority. Let's act like it for a change.
