[Young Werther]

When Senators Moynihan (an economist)and Breaux both Democrats proposed "fixing Social Security with individual savings accounts they were ignored by Xlintoon because he wanted to keep the SSI question as a club to beat up Republicans.

The 1986 reform act allowed employers to opt out of the Social Security System. The Texas School Teachers and many municipalities opted out. Since Texas has very strict banking laws they legislated that these investment accounts would be "safe". Harrison County Texas opted out in 1986 and when the first retiress began to draw their retirement checks they averaged (gulp) $106,000 per year compared to the $25,000 for Social Security retirees. Not only that but these retirement accounts can be passed on as inheritance unlike SSI's $400 death benefit!!!

[cherry]

and, if those teachers paid any SS they probably can claim some of that when they get to 62 as well....

govt workers get it all....

[Harrius Magnus]

Do you have a good source - I’d like to read it to have available when a-holes start spouting off about the saving grace of SS.