SOCIAL SECURITY v2.1

Although I have already posted a blog solving the social security problem, I recognize that there is no hope of congress taking the necessary action to implement it. After all, congressmen (both representatives and senators) enjoy private investment accounts as part of their retirement plan and only by keeping large segments of the population dependent on government can they increase their power. Please note this is applicable to both parties.

I can tell you a way to make congress fix social security, but once again the only ones who can do so are congress. Perhaps we need a constitutional ammendment put through by the states in order to force congress to act?

The solution is simple. Pass a law that says any person who takes the office of representative or senator must turn over ALL of their private retirement investments to the social security administration and then they will pay into social security and the only retirement they can recieve will be social security. This would, of course, be a lifetime requirement that they would need to voluntarily agree to by taking the office, even if only for a single term.

I can gaurantee that if such a law existed, congress would fix social security overnight! (seriously I doubt they would need more than 24 hours! I would also bet what social security I stand to recieve that their solution would include private investment accounts...)

Today, all federal employees have a retirement plan called FERS (Federal Employee Retirement System) that includes private retirement accounts with employee investments matched by the Federal Government. Just try to get these folks back on social security. Just try to get any other state or local employee fortunate enough to have opted out of Social Security (while it was still allowed) to go back on social security.

My problem with Bush is he is a wuss. His proposals are too timid. His plan is too little too late. But at least he is doing something.