How Republican math plans to save your Social Security.

Somehow the Bush administration and the GOP expect to keep Social Security solvent through privatizing it, while they create record deficits as far as the eye can see. They claim, as always, that this will actually make for larger amounts of money available for retirees to draw upon. This won't work of course because privatizing Social Security would mean removing current contributions from the system, ignoring of course that those incoming funds are already obligated to pay for current beneficiaries.

In essence, their plan will cause Social Security to completely collapse because their scheme would gut the FICA fund, give it to Wall Street (which given the dot-com stock collapse a few years ago alone makes it a disastrous idea) and leave nothing in the system for current retirees. It seems Bush and the GOP need to learn basic math and try for a better grade than a C, because their arithmetic (taking money out will make it more solvent) like their rhetoric does not add up.

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