READ THE PLAN. ITS YOUR ACCOUNT.
There is no individual account and never has been. You have been paying to take of your parents and grandparents and they got all the best of the benefits.
There is nothing left.
The “IT’S YOUR ACCOUNT” part comes before the guarantee. Don’t you understand that the guarantee puts taxpayers in the position of guaranteeing the performance of the financial markets? It isn’t likely that people will believe the lie that there is no significant risk in giving the guarantee. We’ve been suckered on that one before - all you have to do is raise the issue of Fannie Mae, etc. Then there is the inevitable temptation for politicians to try to buy votes by trying to raise the amount guaranteed, etc.