(JustLurkingThanks) Mr. Kabbaz, even by W's own admission, privatizing Social Security will not save the system.
You have completely misquoted. The President did not "admit"
that privatization wouldn't save Social Security. He "stated"
that offering younger people the voluntary option
of putting a portion of their SS contributions into investment accounts they will own and can bequeath should they desire
is a good thing which will provide them with a larger retirement 'nest egg'. Though one small component of the steps needed to correct the now failing pyramid scheme, allowing investment accounts will not and was not offered as the manner in which to fix Social Security.