The Retirement Savings Accts are not the same as privatization of SS. RSAs were conceived as an add-on to SS, wherein people with low income would be given savings accounts, not incidentally with real banks instead of the pirates they use now to cash checks and the like. Explicit redistribution of wealth.
"Choice" could mean anything.
mbs
Democrats are better at big "structural reforms" like the "Welfare Reform" than Republicans, since the latter have a much less ability to manufacture consent among unions, liberal NGOs, and the like -- and the next targets will be Social Security and Medicare:
***** DLC | Key Document | August 1, 2000 The Hyde Park Declaration: A Statement of Principles and a Policy Agenda for the 21st Century . . .
# Make structural reforms in Social Security and Medicare that slow their future cost growth, modernize benefits (including a prescription drug benefit for Medicare), and give beneficiaries more choice and control over their retirement and health security.
# Create Retirement Savings Accounts to enable low-income Americans to save for their own retirement. . . .
John F. Kerry, United States Senator, Massachusetts
(<http://www.ndol.org/print.cfm?contentid=1926>) ***** -- Yoshie