Good post, thanks. I hope this idea passes Congress THIS YEAR. It's clearly too late for my husband and me to benefit, but it would mean a lot to our grown children and growing grandchildren.
BTW, don't Congresscritters have a retirement plan like this? Don't government employees?
Yep, it's all right here: http://www.tsp.gov/
I fear that it won't happen anytime soon.
The Dem's are starting to demagogue the heck out of the idea and scared mid term candidates on the republican side will not back the president.
It is the way of things.
On the bright side, social security is the easiest of all mandated social programs to fix. Unfortunately, it is probably the smallest and least damaging of the load of bricks hat we will run smack into by 2018.
The financial cliff that we will be falling off at that time will dwarf the SS problems.
I expect a two or three dollar fuel tax to cover this mess and the economy will crater if they do not address this looming crisis and phase these fixes in with some real creative reforms.
The first thing I think needs to be done is to take social security and Medicare off budget so that excess monies in these programs are not spent by the general budget and are invested for future expected outlays.
The personal accounts are one way that we can achieve this constitutionally.