From Holden:

to the continuing turmoil over the proper way to refer to the main facet of Chimpy’s plan to destroy Social Security is this brief quote from the president himself found in his remarks at a BC ’04 Victory Committee Reception, September 17, 2004:

But we’ve got to worry about the youngsters, our kids and our grandchildren, when it comes to the solvency of the Social Security system. That’s why I believe younger workers ought to be able to take some of their own money, set aside a personal savings account that will help Social Security fulfill its promise, a private account that they can call their own, a private account they can pass on to the next generation and a private account that Government can’t take away.