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Old 05-04-2005, 12:44 PM   #4
Scrooge McSam
What?
 
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Quote:
Originally Posted by scaeagles
I'd allow the average US taxpayer to opt out of Social Security, just as members of the House and Senate can do.
Could you please cite a source to back up this opinion.

It is my understanding that Congress cannot opt out of the Social Security program. They pay FICA just like every other working (don't get me started!) American. There was a period of about 20 years that municipalities could opt out of social security, but that loophole was closed in 1983. They do, however, have retirement security options not available to all Americans, like the Thrift Savings Plan which is similar to 401K plans offered by larger employers.
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