[DeFault User]

I'm also aware of a college in Texas that opted out and has had great results.

[cweese]

"...all 44 Senate Democrats..."

I sure do love reading words like that!

[Toonces T. Cat]

Almost all of the public school districts in Texas also have the same arrangement. The downside of it is that I am paying into social security while my wife is not...If I croak the day after I retire, she does not get one red cent of my social security benefits from that moment on.

To me, calling that unfair doesn't even come close to getting it. If I had had the option of privatizing some of my SS money, she could inherit that rather than having it revert to the Fedz.

-Toonces

[SolidSupplySide]

Every public school teacher in Texas has also "opted out" through TRS.

[stopem]

What happens if they no longer work for the county or college?

[Roccus]

The whole Dem. rah fest over SS reform is a smoke screen.
Heard Rockefeller this morning say that if 1/3 of the tax cuts were pulled back from permanency, (to pay for transition costs) he might be able to support it.
The Dummies are really after the tax cuts.

[crv16]

The Texas plan sure sounds a lot better than GWB's private account proposal.

From today's WaPo:

"If a worker sets aside $1,000 a year for 40 years, and earns 4 percent annually on investments, the account would grow to $99,800 in today's dollars, but the government would keep $78,700 -- or about 80 percent of the account. The remainder, $21,100, would be the worker's. "

[Smartaleck]

"Many Unhappy Returns"

This pops up the day after NY Times Economics guru Paul Krgman said such numbers are mathmatically impossible.

Maybe he forgot to move the decimal point somewhere in his calculations?

http://www.nytimes.com/2005/02/01/opinion/01krugman.html?oref=login&oref=login&th

[ConservativeStLouisGuy]

I'm not sure how the last word in the article got cut off, but here it is: "government".