With tens of trillions of dollars to be "invested" (i.e., stolen/spent) this "blue-ribbon" panel will be a magnet for the most corrupt and incompetent "experts" in the country. And it'll be appointed by the President and Congress—guaranteeing that only the worst people will be in charge of it.
The alternative is that the experts will be wise, prudent, and honest... and they’ll be “fired” by the voters who’ve fallen for the promises of another group claiming they’ll get better returns. (They’ll accomplish that by ignoring the risk/return rule and eventually crash the system.)
Let the “experts” select half a dozen different portfolios, ranging from treasuries to growth funds (mostly baskets of index funds), set limits on the max percentage of his/her investment any individual participant can invest in any one fund, and let the individual choose.
There is no pot of money that congress won’t raid to buy votes with.
The post-WWII economic boom threw off so much revenue (including SS), that congress created disability insurance. While the original program still has low losses to fraud, the disability program is a joke (even before considering how many illegals get it).
So, we’re going to borrow the money to fund this new entitlement? Cal needs to grow his mustache back.