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Originally Posted by webwench
None of your post addresses the questions (1) why not allow voluntary opt-outs, or (2) why not allow people in the program to choose from a menu of 'approved' investment options within social security?
Greed is an easy, low blow that does not at all address the issue at hand, nor is it a fair tactic to use against someone who is presenting an alternate viewpoint in good faith. In other words, you don't know me well enough to call me greedy.
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The main reason is the increased administration costs, estimated at 1.2 trillion over ten years, screwing the current retires and raising debt or taxes.