is it time to privatize our unemployment insurance?

I think President Bush's efforts to privatize Social Security (photo) will create a nation of investors, will people come out much better in retirement than the current system, and the cause is a huge growth in the economy as a a whole. However, the media and liberals argue that the policy is "too radical" and succeeded in weakening the support needed to make it law.

Bush should have started with something that is much easier to implement - the privatization of Unemployment Insurance. It is easier for several reasons:

* The number of people ever need unemployment insurance is much lower than those required by Social Security. So "safe" to apply in this field, instead of something like Social Security. In other words, is considered a "little experiment" rather than a radical change in policy.

* This policy may have a wider flexibility in designing the plan, which allows people to save money for the purpose of creating a business in case of unemployment. This is something that many look attractive and easy to get support.

* Because we have enjoyed several decades of low unemployment, and temporary loss of work, when this happens, the price is very attractive fiscal against arbitrary government, and move a large number of Americans who support them.

* With a large number of Baby Boomers approaching retirement age (and many are vulnerable to layoffs), but not enough savings, you would love to have the "tools" like this to protect you. This will create a lot of support and momentum.

The benefits of this policy are many:

* People are able to design a plan to meet your specific needs.

* People have an incentive to return to work faster (or do business) to keep interest rates low. Top of use will result in a higher level, similar to other forms of insurance determined. The economic benefits are clear.

* It will contribute to economic growth as it changes to private companies, both in the premium (the insurance company is earmarked for investment) and the creation of new business due to the design of policies.

Most working Americans and many of them choose to easily create a business if they lose their jobs, should be a lot of policy support in this way. It is also a great wedge issue for the President to take support from Democrats. This is not the policy of having to wait for the President and Congress. Rather, it is the problem Bush should pursue now and the issue of a referendum in 2008.