Haven't we been saying this all along?
From the Washington Post:
Sen. Lindsey O. Graham (R-S.C.), who has spent weeks attempting to recruit Democratic support for a plan to restructure Social Security, said yesterday that Republicans "made a strategic mistake" by initially focusing on a proposal to create individual investment accounts.
The accounts, the centerpiece of President Bush's proposal, would benefit young and poorer workers by letting them use compound interest to help make up for any benefit reductions, Graham said. But he said the accounts, by themselves, will not fix the solvency problem Social Security faces as baby boomers begin to retire.
"We've now got this huge fight over a sideshow," Graham said during a meeting with Washington Post reporters and editors. "It's always been a sideshow, but we sold it as the main event. [Critics are] attacking it as the undoing of Social Security. That's what frustrates me -- that we're off in a ditch over a sideshow, and there's plenty of blame to go around."
That's right, he said it three times.