This TIME article is definitely worth a read if you have any interest in the Social Security (SS) debate that's shaping up. A key fact:
"At the end of 2004, about 48 million Americans--not just retired workers but also the disabled and the spouses and children of deceased workers--drew $41.5 billion a month in benefits. Even with 401(k)s and pensions figured, nearly two-thirds of those who receive benefits count on it for more than half their income; a third rely on it for 90%."
In this debate Bush and the proponents of personal accounts must take great pains to assure those receiving SS benefits now that those benefits will continue until they die. The real battle will be for the hearts and minds of those aged 35 and under. If those opposed to personal accounts are to successfully resist Bush's soon-to-be-announced plan, they'd best come up with alternatives or they will be seen as naysayers and obstructionists. I'd think the play for the hearts and minds of young people will be very important to both parties.
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