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Worse Deal For Younger Workers

By ThinkProgress  

"Worse Deal For Younger Workers"

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In his speech in Detroit, President Bush said that private accounts were “a chance to make a better deal for our younger workers.”

According to the Congressional Budget Office, younger workers would receive better benefits from Social Security as it exists now, even if nothing changes, than from private accounts. His plan is worse than that due to higher clawbacks.

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