Busch wanted to privatize Social Security. I think it was a good idea, if done proprerly. My employer got out of the system back in the 70s. Instead, the employer and I pay the equivalent amount into a well manged 401K investiment. Now at retirement I have a great nest egg to supplement my defined benefit plan. In fact, I will be buying an extra five years on my defined benefit plan from some of that money, earning an extra 7.5% a year, plus the defined benefit plan COLA. A good portion of the rest will go into a long term investment, with some money left for more shorter term needs. If not for being out of Social Security, I couldn't retire at the ripe old age of 55. It just takes discipline to not tap into it early, not panic when the market drops, and to add extra money when the market drops to get shares cheaper.

This plan in Congress wants to tap your 401K and move a portion of it into a Goverment annuity. No Thanks!