On the heels of yet another study warning against private accounts, a Senate panel will begin hearing expert ideas this morning on how to improve the long-term solvency of Social Security.

To head off an anticipated shortfall in the 75-year-old pension fund, President Bush wants to divert about 4% of payroll taxes from Social Security into private accounts that would consist of a mix of stock and bond funds. It's likely that management of all those new accounts would be left up to a leading Wall Street money manager, although many industry insiders have argued that it could amount to nothing more than a massive management headache.

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