11. President Bush and his cohorts, obsessed with trying to privatize the system, have painted it in doomsday terms. 12. Sam Beard, chairman of the National Economic Council, has suggested partially privatizing the system. 13. Social Security does have a fundamental flaw, they say, but it cannot be overcome by privatizing the system. 14. The obligation to pay current retirees continues whether or not the system is privatized. 15. They can either raise taxes, lower benefits, inflate the currency or privatize the system. 16. They voted to privatize their system by investing their payroll taxes in individual, tax-free private investment accounts. 17. What if the Social Security system had been privatized and retirees were forced to watch their pensions collapse last week as the market went into a tailspin? |