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THE BUSH SSA REFORM PLAN IS THE WORST OF ALL POSSIBLE PLANS The first problem with the Bush plan is the complexity( 11, 9 ) of the plan, it doesn't pass the smell test. If it takes an actuary to decode the plans operations stay away. The next problem is this plan doesn't fix the potential short fall( 8, 11,,9 ). The next problem is the high risk of a margin account, which this plan creates. The risk of loss is too high for a safety net program. There is a reason why Bush himself is selling his private plan, no licensed professional ( "series 3 " or " series 7 " ) should sell such a " unsuitable investment " as a primary and only retirement plan, for moderate to low income investors. REMEMBER MILKIN'S BOND MESS. The track record of partial privatization plans is dismal to say the least( 2,,3.1,,3.2,,3.3 ). There is another group of reasons to not try the Bush plan, they revolve around trust. After reading the LENIN PLAN The true intentions of the RNC, and the Bush Administration are in doubt. When the tactics of the Lenin plan are viewed in the light of Communicating Social Security Reform Pdf( 18 ) . The question becomes can we trust what the President is saying about his so called SSA Reform plan. It is a fact that there is an extreme element in the RNC that has one agenda, that can be simply stated in one sentence. The destruction of the SSA is the most important change that can take place this century. Next when one looks at the initial cost estimates of the presidents plan 2.4 Trillion to 4.9 Trillion in new debit over 20 years.(11 , 9 ,19 ). THEN CONSIDER THE FACT THAT WE ARE ALREADY IN BIG TROUBLE WHEN IT COMES TO THE CURRENT DEFICIT( 5.1, 5. 2 , 7.1 , 16 ) . That is SSA bought 427 billion in bebit from the General Fund to finance the operations of the government, for the next year and, that still does not cover the Iraq war and the Afghanistan war. My conclusion is this privatization plan is ridiculous. This plan is a pay off for the F.O.G. ( FRIENDS OF GEORGE ) this plan will make big bucks for RNC insiders. Whether or not you find that elusive 6 % ( 9 , 11 , 19 ) per year plus investment is your problem. They will make money on your money and theirs, you are not important. There is a better way to correct the possible short fall. The Rangle fix is the best fit for this ensemble of problems. The cost is paid up front by the people who will benefit from the advantages. This plan does not increase the deficit, this plan will close the short fall. The added private plan will assure that the SSA safety net will for ever be in place and working. Also the Rangel fix is the closest fit to the requirements of H. J. RES. 32 .
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