The Bush administration wants to partially privatize Social Security by allowing workers to invest part of their payroll taxes in stocks, bonds, money market funds or other assets. Workers doing so would receive a lower guaranteed government benefit when they retire, but it would be supplemented by whatever they have accumulated in their portfolios. Because the Social Security program would lose the revenue going into the private accounts, the government would have to borrow to pay current retirees. Estimates for this borrowing range from $1 trillion to $2 trillion.
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