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President George W. Bush feels very strongly about this and feels that this is the only way to save the Social Security benefits. On the other hand, Democrats feel that this system would not work as Nancy Pelosi-(D) says, "let a guaranteed benefit not turn into a guaranteed gamble". If this system were to be implemented it will mean that a portion of an individual's payroll taxes for Social Security is put into separate accounts which will then be in the control of. private companies. They will then invest your money in stocks, bonds and Mutual funds. The benefits of this promotion are that people would have supplemental income to add to any 401K plan or a pension plan, instead of having minimal Social Security benefits or none at all...
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