Retire Rich, At Taxpayer Expense

One of the ideas rising from the Social Security reform debate is a plan that would let every American retire a millionaire. President Bush's first Treasury Secretary is circulating the idea of giving every American baby a taxpayer funded retirement account starting the day they're born. Paul O'Neill's idea would have Uncle Sam give every newborn $2,000 when they're born and another two-grand every year until they turn 18. Then the money would go into an investment account and turn into a cool $1 million when they turn 65. And in 65 years, the system would replace Social Security.

Of course, 65 years from now, who knows how far a million will go. (Seattle Times)