Read the plan. It is in no way, shape or form a privatization. You have a personal account but it is NOT funded by the payroll tax. It is done through the system but you have choices re: your plan.
HR 2889 - the Save Social Security Act, right? The one with the summary of "To reform Social Security by establishing a Personal Social Security Savings Program."?
It's not a Social Security reform via privatization/personal direction of Social Security savings - even if the summary says otherwise?
The one where section 254(b)(1)(A)(i) states "the sum of the total wages paid to, and self-employment income derived by, the participant which are creditable by the Commissioner of Social Security to the preceding calendar year, to the extent such total wages and self-employment income do not exceed the base amount for such preceding calendar year" - basically stating you use your Social Security payments as part of your funding?
Yeah... I'm not sure you can claim it's not a partial privatization of Social Security. The bill itself is part of Social Security - it says so in its title and summary. It modifies the existing Social Security code. It uses the Social Security payments you make, and current funds. It uses the Social Security structure and commissioner. It allows you to privately self-direct your investment funds.
Don't get me wrong - I'm all FOR privatization. Trying to claim this isn't, when the legislation clearly states otherwise won't win many supporters...