Max has a few more things to say about Social Security. Go read and then return.
I really want to highlight something that he writes because it's something which I don't think has actually penetrated the skulls of our ethical media. While it's difficult to talk about the "Bush plan" when no such plan actually exists, the media don't seem to understand that an element of the possible plans is that actual government benefits will be reduced by the amount in your private accounts. In other words, they aren't just talking about cutting guaranteed benefits - they're talking about reducing your actual benefit by the amount you pull out of your account.