Americans age 55 and older would continue to receive Social Security benefits as promised under President Bush's proposal for overhauling the system. Younger workers eventually could divert as much as two-thirds of their retirement taxes into personal accounts, but would be guaranteed fewer dollars.
Bush's proposal, which Congress must approve, would require that people who opt for the private accounts buy annuities that pay a fixed sum each month. The intent is to ensure that these people will not fall into poverty if their investments go sour in retirement Link
Oh, and Iraq has Weapons of Mass Destruction.
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