OpinionJournal editorial on Social Security

I'm not ready to give up on personal accounts just yet, but this is still a good idea:

If a grand compromise (on creating personal accounts) is impossible, how about protecting payroll tax money for the next 12 years from the politicians who would spend it? This wouldn't require the large borrowing for a 75-year fix that Democrats say they oppose. And this would at least get the idea of private accounts off the ground, as well as put that $2.2 trillion to better use in the private economy.

Just about everybody agrees (or says they do) that the feds shouldn't be spending that money. Remember Al Gore and his "lock box?"

Then we try for the personal accounts again in a few years.