Payroll taxes would be diverted into private accounts, forcing the government to borrow to replace the lost revenue.
Basically, younger workers would be allowed to divert a portion of their payroll taxes into individual accounts.
The amount of money to be diverted into personal accounts - and therefore, the potential gains - is relatively small.
Under Plan2, payroll taxes would be diverted into private accounts while future benefits would be cut.
And some independent analysts say no one's benefits would be endangered for more than two decades, if then, just by diverting $1 trillion into private accounts.
Again, aren't you glad the absurdity of the Bush proposal came to light before $1 trillion was diverted into private accounts?
Pundits warned Democrats that they were making a big political mistake by opposing plans to divert payroll taxes into private accounts.
He acknowledges that merely diverting existing taxes into private accounts does not raise national savings.
One is default: make room for the trillions diverted into private accounts by slashing the baby boomers' benefits.
The president did not address the cost to the government of paying full benefits to retirees for decades while tax money was being diverted into private accounts.