http://apnews.myway.com/article/20040116/D8041LHO0.htmlBush to Revive Social Security Tax Plan
Jan 16, 12:09 PM (ET)
By SCOTT LINDLAW
WASHINGTON (AP) - President Bush will use next week's State of the Union address to try to revive a proposal that would allow younger workers to invest a portion of their Social Security taxes in the stock market, the White House said Friday.
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Just as Medicare will fall when private insurers are allowed (and encouraged) to bleed off participants, Social Security will become unviable when private investment is allowed to siphon money from the investment pool. And once an entitlement becomes actuarially unviable, congress can then eradicate it.
This was already run off the road once, but since * and Co. think that they're playing a hot hand, they're going to sell it again. What do you want to bet that Congress, especially the House, will hail this as the best thing to come along since Viagra?
Older individuals who won't be around long enough to see Medicare and Social Security utterly gutted and broken will be the lucky ones.