per CNN
Senate Finance Committee chairman Sen. Charles Grassley told callers on cable's C-Span television that the issue of private investment won't solve the problem of keeping Social Security afloat by the time his granddaughter retires more than 50 years from now.
"Personal accounts don't solve that problem," Grassley said. "You still have the insolvency of the Social Security trust fund," a problem he said needs to be resolved among "100 moving parts" over the next 50-75 years.
Not only does this strike yet another blow against privatization, it brings to the surface what we've all known along--that the primary goal of the "reform" is to dismantle Social Security, not improve retirement benefits.
Damn, Bush just isn't having a good week, is he?