[kabar]

So if private investments are removed, where's the reform?

The "reform" will be the same as in 1983 when the retirement age was raised to 67, the FICA tax increased, and the cap tied to COLA. This was supposed to be a 75 year fix. All Congress wants to do is to make SS a cash cow so they can continue to raid it for revenue.

Real reform would be personal accounts giving people some ownership over their retirement funds. Both parties in Congress are afraid on what that would do to their power and influence. Partial privatization of SS will eventually lead to total privatization. Today, 80% of Americans pay more in FICA tax than income tax.

[Racehorse]

The "reform" will be the same as in 1983 when the retirement age was raised to 67, the FICA tax increased, and the cap tied to COLA. This was supposed to be a 75 year fix.

Thanks for the link.  Lots of good information on that page.

Most startling . . . at first blush . . . are the references to multiple SS Trust Funds.  I'm sure I should be and will be startled by more, but those references immediately caught my attention.

All Congress wants to do is to make SS a cash cow so they can continue to raid it for revenue.

Something not much talked about.  Indeed, how will Congress make up the shortfall should it be forbidden to misappropriate SS funds?