The personal accounts are the main reason I'm attracted to the proposal. Without them, I'd rather the whole system crashed in 20 years. Let the people feel the full impact of what cowards and obstructionists in Congress wouldn't prevent when they could have.
I agree completely with that - if private accounts fails, the next best alternative is to do nothing. because without private accounts, the only other components of the solution will involve tax increases, removing the income cap on the current 12.4% tax, and means testing. we can't have a republican president and congress sign on to that solution. better to pass nothing now, let the system head towards insolvency.
I know just ask anyone that has a Thrift Savings Plan like my husband and I do, and they will say how great they are..
and the Thrift plan is what Bush wants to use as model for personal accounts...I know if my kids had the chance I would tell them to definitely go for it....