Must Read from Slate:
His plan would allow the current generation of retirees and near-retirees to keep the current system, the one where they receive far more money than they put in during their lifetimes, while requiring the next generation to subsist on their own earnings for retirement. This isn't the equivalent of parents saving for Johnny's 529 plan. This is Mom and Dad asking Johnny to invest part of his allowance so that they won't have to bother with paying for college. You could call Bush's idea the Screw Your Grandchildren Act.
This is act the Joe Lieberman clapped for and Olympia Snow did not. Clapping is one thing, but how will they vote?