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Message: <blockquote data-quote="bacha29" data-source="post: 5804568" data-attributes="member: 58386">Here are the 3 reasons why the Bush plan to privatize Social Security went nowhere.1. Transition costs.....2 trillion.2. Banks. The banks made it clear that they would charge service and management fess on small accounts because of the number    of people who are not by nature savers and would be drawing the money back out as fast as they put it in.3. Bush recession. Many Americans learned an unpleasant lesson when they discovered that FICA payroll retirement contributions   are the only retirement contributions that are federally insured.    So if you've got a plan that solves the problems the Bush plan didn't you would earn the nation's undivided attention.</blockquote>