The New York Times > Washington > Vast Borrowing Seen in Altering Social Security

This article is a very worthwhile read. It explains in relatively simple terms the cost of the fix to Social Security. I favor personal accounts for the primary reason that they will very likely return more to the beneficiaries on the invested amounts over the long term. In addition, significant equity capital would be available to the private sector which should help the economy. Many do not favor private accounts, but I don't understand their opposition in the face of what nearly everyone agrees is a very large financial dilemma. What are the arguments against private accounts?

I applaud the Republicans for taking the initiative to fix SS before the crisis is fully upon us. This is absolutely the right time to address the problem.