From what I have seen of it, the Bush proposal for reforming Social Security goes as follows:
At a cost of unknown billions of taxpayer dollars people under 55 will be allowed to put some of their SS tax money into private accounts and invest it.
When they retire the government will take that money and give some of it back in a slow trickle.
Even the Administration admits that this will do absolutely nothing to ease the so called SS crisis.
Now, to me, this seems to make as much sense as promoting the collecting of Elvis memorial plates as sound retirement planning.