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I do think SS and Medicare need to be privatized, but it needs to be done for people just entering the work force now, and structured to help them be much more secure than our seniors are today.

I remain convinced that can take place, and the sooner the better.

You are correct and it isn't that complicated. Chile did it, and quite successfully, under a military dictator. It went something like this:

Over 60-- not affected. We pay you 100% of the benefits for which you were taxed.
Age 59: You get 97% and are expected to contibute 3% to a privately managed but regulated investment fund of your choice.
Age 58: 94% and 6% respectively.
And so on down to age 27 where you get 1% and contribute 99%.
Age 26 and below gets 0% and contributes 100%.

The ages, of course, can be adjusted or even divided by the birth month 1% or even 0.25% at a time. The so called social security fund, of course, gets depleted sooner but in Chile's case, the economic growth was more than enough to offset it. The government was cut off from a cheap source of borrowing but, of course, a new pool of investment capital to grow the economy more than offset it.

When Chile adopted this plan in the mid 1970s, it was an emerging third world economy. Now, they are definitely in the first world.

As long as there is an equitable way to address it, I think it’s worthy. Perhaps Chile’s plan should be a good basis for the development of a working plan.

Thanks for the mention. I believe I’ve been addressed on this before. It does sound workable.