FDR should have privatized it to start.
JFK had the chance in 1962 when Milton proposed it in 1962.
Every year that we wait will be another year wasted...
The Ponzi scam should last until I am dead...so " what me worry..."
It will be my grandkids problem to pay off that debt.
Now lets talk about Medicare's future bills and debt...and who is going to be stuck with those bills?
"Every year that we wait will be another year wasted... "
It's simply too late right now. A key part of the privatization idea is that you could privatize a large portion of the SS trust fund without increasing taxes since social security was running an operating surplus. But now, the operating surplus is dwindling. It's no longer very significant, and by 2016, it will be gone completely. That means that if you want to privatize, then you are also going to have to raise taxes in order to make up for the money diverted out of the trust fund and into private accounts.