Reply #7: Yes.

[baldguy]

But just like everything else they do, They'll do it half-assed and under-funded. Congress will easily pass the legislation to allow younger people to pay less into the SS fund & set up "private accounts", but Bush will never get the $2 trillion thats required to replace the revenues lost because of those accounts.

Now, consider that payments into the SS fund offer a better return historically that the stock market as a whole, and that any investments made from "private accounts" will have to be in very conservative areas with very low rates of return.

So - the result will be that the people getting SS benefits now will get less, the people too young to get benes but too old to set up a "private account" will get even less, and the people with the "private accounts" will be lucky to get back what they put into them.

The Republican idea of "Social Security Reform" is to eliminate it.