NEW S.S. PRIVATIZATION CALCULATOR

US Senator Charles E. Schumer, Senate Leaders Harry Reid, Dick Durbin, and Debbie Stabenow today unveiled a new Social Security calculator that demonstrates to Americans what they could lose under the Bush Privatization Plan.

I lose about $900. But my 25-year-old daughter loses about 30%. I don't know what assumptions are being used here, but the one constant in these kinds of "calculators" seems to be that you make the same annual salary for your entire life. That's ridiculous, but since the Bush administration uses the same assumption in the calculations for its own semi-non-existent "plan," I suppose it's an apples-to-apples kind of thing.