[ari-freedom]

You don’t ‘fix’ a Ponzi scheme. OK so it will just be a slightly better ponzi scheme?

We need a system of private accounts where each person has his own account invested in CD’s and bonds. We have tried to argue for this before. But I would NOT however do the whole stocks thing because 1) we have 401k’s for that and 2) Democrats will not be able to demonize CD’s, bonds and money markets.

Once that ‘risky stock’ argument goes away, how can they argue against a fully funded system that still makes more money than SS and can be passed down to your heirs?

[okie01]

Once that ‘risky stock’ argument goes away, how can they argue against a fully funded system that still makes more money than SS and can be passed down to your heirs?

The only federal involvement required in the program would be that deposits in such accounts are tax-free, as are withdrawals after the age of 65.

[Atlas Sneezed]

You don’t ‘fix’ a Ponzi scheme. OK so it will just be a slightly better ponzi scheme?

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Actually, if you can transition from an unsustainable scheme that is inevitably headed toward failure, and make it sustainable for all future generations (by floating the retirement age to guarantee annual break-even solvency) then you have fixed it. It’s still ugly socialism, but it is no longer a ponzi scheme.