It looks like the eyes of the Bushies will now focus on the privatization of SS.   The question I have always had over this is, let's say the Feds decide to allow someone to privately invest some of their SS - my main questions are, as always, who will end up paying for this when the person who really needs the money makes terrible investment decisions and loses it, or just blows it? 
C'mon Eric this is an easy one. You limit the sources that these investments can go to. Investments in the high risk areas would be disqualified such as the Stock Market or High Risk Mutual Funds. There are certainly several that could be presented that would fit a low risk medium return investment.

I believe it is common sense that many, many people will blow this money and taxpayers will end up actually paying this money twice.  I also believe that those who will benefit the most from this are the well off who already have the opportunity to make wise investments. 
If you leave up to them you are probably right.

In other words, some sort of program like the FDIC would probably be wise. 
That might not be a bad idea since it is such an important fund.

Then there is the whole idea of how SS works and how most don't even understand the SS process and concept.  But that is another debate...
Well the concept of it in the beginning was simple but more than the baby boomers were tapping the SS well which caused this problem