George Bush and Privatization of Social Security

From the White House WebSite:
As we fix Social Security, we must make it a better
deal for our younger workers by allowing them to put part of their payroll taxes
in personal retirement accounts.
Personal accounts would be entirely
voluntary.
The money would go into a conservative mix of bond and stock
funds that would have the opportunity to earn a higher rate of return than
anything the current system could provide.
A young person who earns an
average of $35,000 a year over his or her career would have nearly a quarter
million dollars saved in his or her own account upon retirement.
That
savings would provide a nest egg to supplement that worker’s traditional Social
Security check, or to pass on to his or her children.
Best of all, it would
replace the empty promises of the current system with real assets of
ownership.

Glad that didn't happen.

And Just for Show:

McCain Voted for Bush’s 2006 Social Security Privatization Plan. In 2006, McCain voted for the Social Security Reserve Fund. Have fun and thanks for Playing. [SCR 83, Vote #68, 3/16/06; SCR 83, Vote #68, 3/16/06]