The Oregon petition isn't forthright in saying that it favors personally managed accounts for each individual. Maine faced the issue and stated its researched reasons for rejecting the Oregon approach. Maine also analyzed whether part of the Social Security trust fund should be put into investments other than government bonds to earn extra income. The aim would be to fulfill promises the program has made. Oregon totally ignores this approach.
Maine sees that as a community burden.
This looks like another financial blunder by accident-prone Oregon lawmakers. Robert Landauer is editorial columnist of The Oregonian.