Privatizing Social Security
President Bush answered questions today regarding his proposed reforms about Social Security. Estimates about the cost of the reforms are across the board with the most common estimate at 2 trillion dollars. However, President Bush proclaims the cost of not doing anything to be far more expensive. According to leading estimates the Social Security fund will not have the capacity to pay out 100% of entitled benefits by 2042 to 2052.
Do you think Private Accounts are the solution to the Social Security problem?
Please post your comments to this question as it will benefit all readers.
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