From the PDN:
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PRESIDENT BUSH keeps warning us about the crisis in Social Security as he promotes his agenda for personal accounts. He talks of bankruptcy and an $11 trillion unfunded liability. But personal accounts won't likely fix the problems.
A bipartisan commission appointed by Bush to study personal accounts (rather than to study the many possible ways of saving Social Security) was unable to come up with a single plan. Instead, their 2001 report offered three ideas for personal accounts. None of them appear to make Social Security solvent and all assume that huge infusions of cash would come from somewhere.
