How much will the Bush Social Security plan cost you?

Try this calculator.

It says that my benefits will be reduced by 24% under the Bush privatization plan. Interestingly, that's about the same amount benefits would need to be reduced if NOTHING were done, and the Social Security trust fund were allowed to be depleted. (Which won't happen for another 50 years, according to the most recent estimate.) If you're younger than me, you'll see a bigger reduction in benefits; older, and you'll see a smaller reduction.

This issue deserves a deeper analysis -- for another day, if I get around to it. (Blogging is hard work!) Right now, I gotta get to band practice.