[cripplecreek]

My idea for “reforming” social security starts with completely unrelated regulation and ends with totally private individual choice retirement funds.

[milagro]

Since around 1985,Federal employess--including Congress critters--are under the Federal Retirement System (FERS), which is simply Social Security, as opposed to the old Civil Service Retirement System (CSRS). HOWEVER--they ALL can participate in the Thrift Savings Plan (TSP)--which is basically an IRA--individual retirement account--that allows investment at various levels of risk into the stockmarket and other ventures.

This needs to be pointed out by anyone proposing an alternative to SS: if Federal employess can invest in a TSP account, which is really an IRA, why can't private sector employees do the same.

Would love to see someone ask Barney Frank to disclose how much he's earned from his TSP account. In fact, why not disclose the TSP earnings for EVERY Congress critter, and then ask them why they are opposed to allowing non-federal employees to have the same opportunity to invest in, as you call them, private individual chose retirement funds.