[mutchdutch]

I would suggest that we are currently "enroning" social security with it under control of the federal govt.

[blackdog]

Hah! That is like saying don't Enron Enron! Social Security has all the stability of 1,000,000 Enrons when you look at it from an accounting standpoint. A politicians ability to show how stupid they can be about their own doings is only shadowed from view by an incredibly ignorant public and a media who is aiding them so as to not be seen as the match that lit the powder.

[DrDavid]

The problem with Enron was in the highest levels of management. Who occupies the hightest level of management of Social Security? Isn't the Congress? Are they more trustworthy and less self serving than the Enron management?

[The Old Hoosier]

A radio announcer in North Dakota asked Kent Conrad (dem senator) about Enron. Conrad was going on and on about how the employees were unable to cash out. Then the announcer said, "But Senator Conrad, isn't that how Social Security is, too? People have to put all their money there, and they can't cash out!"

Conrad had a fit.

[The Old Hoosier]

Even if we'd just have the govt put all the money into individual bank accounts (individuals could choose the banks) that can't be accessed until someone retires -- just imagine, that much less in the DC slush fund, and you'd retire much better off than you do in the current system!

[conservatism_IS_compassion]

Even at Enron's height, it constituted less than one percent of the $13.4 trillion U.S. equities market

. . . so Enron represents a paper loss of about $100 billion. That's terrible.

The federal government, OTOH, is what-$6,000 billion in debt? The "Social Security Trust Fund" is (at Democrat, and especially Tom Daschle, insistence) 100% pure Federal government debt.

Come to think of it, isn't insistence on borrowing from a program a tipoff that you might intend to rip it off? The sstf is backed by no debt other than the assumption that all your money belongs in the first instance to the government--that your are, IOW, a slave.

[lasereye]

The Social Security investment accounts, as I understand it, would be voluntary. Nobody would be required to have one.

[Free the USA]

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