Uh, I believe he's recommending to phase out social security and allow the people to build wealth for their own retirements.
Then why didn't he say that? Instead he said this:
V. To ensure that no American retires into poverty, we will transform the Social Security system starting with younger workers who should have the right to choose a personal Social Security Savings Retirement Accounts that will enable them to accumulate the wealth needed for a prosperous retirement while preserving Social Security for today’s retirees and near-retirees.
There's not a word in there about 'phasing' anything out, just letting younger folks have some new "right". I presume he'll amend the BOR or something to 'grant' us this new "right" he's talking about.
Besides we already have these Savings Retirement Accounts. They're called 401k's or 403b's. So just what exactly is he talking about?
Why can't he just admit that Congress has pillaged the Social Security 'trust fund' and that there really isn't a single dime in there. I know I for one would find the truth more than just a bit refreshing after the years of BS emanating from Congress on the subject.