INTERESTING: private Social Security accounts

http://www.breitbart.com/article.php?id=2007-11-25_D8T4MUPO0&show_article=1&cat=breaking

Social Security to Become Key Issue
Nov 25 08:47 AM US/Eastern
By DAVID ESPO
AP Special Correspondent

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WASHINGTON (AP) – Three years after the collapse of President Bush’s plan for private Social Security accounts, Republican presidential contenders are eager to try again. Not so the Democrats, who gravitate toward increasing payroll taxes on upper-income earners to fix the program’s finances.

With the notable exception of former Sen. Fred Thompson, a Republican, presidential hopefuls in both parties shy away from suggestions that might offend their own primary voters. As a result, bipartisan commissions to resolve the program’s long-term financial problems are in. And longer waits for retirement are most definitely out.

Thompson’s proposal, by contrast, includes lower-than-promised benefits for future retirees, as well as new private accounts to make Social Security solvent for 75 years. “If somebody’s got a better idea let them put it on the table,” he said recently, daring his rivals.

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How about the gooferment just get out of the Social Security “business” now?

It’s Ponzi scheme. The scheme is unraveling. And, with most such schemes, the last ones in are the losers.

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