Actually, private doesn't lock that money up in a box. It is loaned out and put to work. The risk is minimal with quality institutions, but there is risk.
The government isn’t dipping into the pile that YOU paid into and giving you YOUR money. What the government is doing is dipping into MY pocket, taking MY money and giving it to YOU.
While I understand your point, I'm on the paying side still and for a long time.
I think everyone got conned
I make my own plans, assuming it won't be returned. But I won't go quietly into the night while others are paid and my funds never returned.
Any solution to this problem will be painful, but there is absolutely no hope of a better future until more people wake up and say, “I’m part of the problem. It’s not just other people living off entitlements. I’m really doing the same thing. Now – how can I begin to change that?”
We need to push for more policies that allow people to make their own plans, and for fewer policies which enforce government charity which breeds dependency among both Liberals and Conservatives.
I will take any budget cut, in any program, at any time. There are no sacred cows.
****Actually, private doesn't lock that money up in a box. It is loaned out and put to work. The risk is minimal with quality institutions, but there is risk.***
READ AND WEEP!
http://www.ssa.gov/history/ssa/usa1964-2.html
Self-Supporting
“The program is designed so that contributions plus interest on the investments of the social security trust funds will be sufficient to meet all of the costs of benefits and administration, now and into the indefinite future—without any subsidy from the general funds of the Government.
Both the Congress and the Executive Branch, regardless of political party in power, have scrupulously provided in advance for full financing of all liberalizations in the program.”
NOW IT IS GOING BROKE by the SSA’s own admission.
****
Where your money really went....