MInTheGap

More stuff is brewing on personal accounts for Social Security. 
It seems that there are a few GOP senators that want to pass a bill
protecting the Social Security surplus by putting it into individual
accounts using T-Bills (Treasury Bills).  The benefits would be that
T-Bills are secure, and the GOP could tout that personal accounts this
way would give you something that you could pass on to your family as
well as fulfill the orignal marketing on social security.  Some good
quotes:

They
want to seize back the moral and political offensive on the issue of
personal accounts. By proposing the creation of personal “lockboxes” to
ensure that the government can’t raid
Social Security taxes for other programs, they would force opponents to
cast a vote against the idea that individuals should have ownership and
control over some of their own retirement funds.

Politically,
their proposal does disarm some of the most oft-used arguments against
reform. It would create no new debt for the government because, unlike
President Bush’s proposal, the personal accounts would use only the
surplus payroll taxes now flowing into the Treasury. … Security
starts running a deficit as baby boomers begin to retire. Preventing
that money from being “raided” by a spendthrift Congress and White
House could be enormously popular with a cynical public.

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