[Jaysun]

Private accounts will actually drive the system into crisis faster, since the government depends on today's SS tax receipts to pay the obligations it incurred decades ago and has to shell out dollars for now. If that flow of dollars goes into accounts that can't be raided to pay today's pensioners, the system will go bankrupt in no time.

Hence the "transition cost", $2 trillion I think it is. It keeps getting higher, and higher, and higher....

The system is bankrupt. We have to move to private accounts. Continuing with what we have is lunacy.

[thoughtomator]

We have to face the truth and dump this Ponzi scheme altogether. End all Social Security taxes, let people provide for their own retirements, and let charity take care of the indigent.