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We already have private accounts, I don't understand why we need a second layer.
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The low income family can't take advantage of the private accounts as most of them are just trying to take care of their basic needs. So why not use a small portion of SS to go towards a private account? As Bush said, if one does not care to invest in stocks they will have Treasuries as an option. I just can't see how this is the first step in eliminating SS.
I'm not sure I can swallow his sliding scale of benefits though. We already have a sliding scale to some degree as the middle to high income earners don't receive the same proportionally as the lower income earners.
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Full time wuss............
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