a pretty good analysis of the policy bush outlined last night "More controversially, Mr Bush also revived his call for a partial privatisation of Social Security, the cornerstone federal pensions programme. Social Security is facing huge deficits once the baby-boom generation retires. The president advocates individual accounts, into which workers would put part of their pay cheques, to be invested in assets of their choosing. Mr Bush sold this as a way to guarantee benefits. But with a stockmarket slump and corporate scandals still fresh in the memory, peddling investment accounts as a guarantee against insecurity may be a tough sell."