[Pen-l] Obama going after full privatization of Social Security

[Gar Lipow <gar.lipow@xxxxxxxxx>]

>From his speech:
>To preserve our long-term fiscal health, we must also address the growing costs in Medicare and Social Security. Comprehensive health care reform is the best way to strengthen Medicare for years to come. And we must also begin a conversation on how to do the same for Social Security, while creating tax-free universal savings accounts for all Americans

http://www.huffingtonpost.com/2009/02/24/obama-speech-tonight-vide_n_169671.html

No matter how bad you expect them to be they are always worse. I
always assumed he'd try for a small cut in benefits. But this looks
like he is going for full privatization. Anyone have a differing
interpretation?
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