Re: Hill Compromises: Good Omen?
I don't think private accounts will ever happen. The public is largely against them and the Republicans know it. Bush doesn't have to worry about the political fallout from trying to institute private accounts as he doesn't have to run again, but Senate Republicans do have to run again and private accounts will not play well with their constituents. I think it would be the equivalent of political suicide if they supported them. In my opinion, the easiest and most obvious fix is to take away the income ceiling. All money earned should have social security taxes taken out. Currently I think you top out at $90,000 or somewhere near that. Any money earned after that amount has no social security taxes taken out.
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