[1Old Pro]

There are only two solutions. Raise the SS tax or cut benefits. There is a third. Raise the retirement age.

There's a fourth, privatize the system moving forward. The increases in returns for younger people will allow for less contributions with the excess going to fund the remaining people in the sytem for the next few decades.

[Eric Pode of Croydon]

privatize the system moving forward

Not without at least one generation taking a hit, or alternatively injecting income tax dollars into the SS system to cushion the blow.

[redgolum]

I used to be in favor of privatization, till I had a conversation with a man who used to manage a pension fund for a major heavy equipment maker.

He told me that a team of highly educated and skilled traders couldn’t find a way to pay for a typical workman’s retirement, why would you expect that same workman to do it by himself? Simply put, a 401K doesn’t change the end game if you out live your money. Most will if they retire in their 60’s.

[Kaslin]

There's a fourth, privatize the system moving forward. The increases in returns for younger people will allow for less contributions with the excess going to fund the remaining people in the sytem for the next few decades.

Isn't this what President Bush 43 wanted? He was slammed by the left and by some in here too