Privatizing social security isn't the best idea, but giving the money to the government to borrow against to spend on shit other that what is was intended for hasn't worked so well either. Either way social security is fucked if W has anything to do with it.
Most people won't be looking forward to a pension when they retire. I wouldn't be counting on my 401k either. Bush's plan and 401k seem similar. Hmmm.

There is a good book by Robert Kiosaki called Prophecy that talks about the next stock market crash, and everyones 401k going down the shitter (again for some). I highly recommend reading it.