10 years ago, GWB tried to introduce personal accounts into Social Security with a plan that remains a strawman for democrats to this day. This plan was dumb, not in the way that the critics suggest. The greed of Wall Street was the least of its problems. It was just a dumb idea. His plan in total did little more than change the pocket which pays for Social Security. It was a shifty plan to push the cost of the system from Boomers to GenXers and Millennials (who really didn't even have a vote). The Trust Fund would have been exhausted more quickly, and our children would have been left to pay for his promise of benefits to anyone born before 1950. It was a bad idea. I write on the issue of Social Security reform, and welcome a discussion on the 2005 plan. The longer piece can be found here : Bush’s plan would not have fixed Social Security In short, there is no new investment capital created. No we weren't going to get 7% returns. No this plan isn't good for the poor. In total, his plan doesn't fix Social Security. It replaces Social Security with something that is entirely different. He wanted the system to be bigger. No bigger will not work.