It was an easy to miss paragraph toward the end of Obama's speech tonite: 

To preserve our long-term fiscal health, we must also address the growing costs in Medicare and Social Security. Comprehensive health care reform is the best way to strengthen Medicare for years to come. And we must also begin a conversation on how to do the same for Social Security, while creating tax-free universal savings accounts for all Americans.

Now, TPM folks are already well aware that the "crisis" in Social Security funding is mostly a fiction; and we just gave Bushco a thorough beatdown on this whole thing a couple of years ago.  So someone please translate that last sentence for me.  What exactly is the President talking about, and why does it sound to me like Social Security Privatization has just risen from the dead?

To coin a phrase, I may need to be talked town here.