Reply #2: The RW media lies about this article so as to have Rahm "OK" with SS accts [View All]

[papau]

But Congressman Emanuel is only saying that if we do allow voluntary payroll deduction 401k's to piggyback the Social Security payroll tax system - with the Soc Sec UNCHANGED - then those voluntary accts will require a system of regulation to prevent folks from being screwed.

There are many rules for 401k's - and he wants those to apply to these voluntary accounts.

HE DOES NOT ENDORSE THE BUSH BENEFIT CUT WITH DIVERSION OF PAYROLL TAX INTO PRIVATE ACCOUNTS WITH 2 TRILLION IN BORROWING TO COVER THE DIVERSION OF THE PAYROLL TAX.

But the ABCNote, the WSJ folks, and Chi Trib headline writer choose to emphasize the regulation - as if he was OK with Social Security private accounts as long as they are regulated.

It seems impossible to get mainstream media to tell the truth in this country.