I agree. If individual private accounts are dropped, blow the whole thing up. If you are under 40 and have access to a 401K and other resources and are not using them you deserve to live in a box under a bridge when you retire.
I will gladly let them keep what they have taken from me so far as long as they stay out of my pocket from now on.
You don't have to be a genius to set up you own retirement account. Nor does it have to be risky. All it takes is a bit of knowledge and some diligence.
I cannot figure why anyone under 40 would not want private accounts... it boggles the mind.
Anyway, I'm contributing 20% pre-tax salary to 401(k) and maxing out a Roth IRA. I heard that in 2006 a Roth 401(k) will be available if employers offer... I'll be the first to sign up.
If no private SS accounts, then you democrats can crash and burn.
Trajan88