[Ron in Acreage]

The sooner it's ruined the better for us who want it privatized. I'd rather keep my 15% and invest it as I see fit. Not some asshole politicians doing it for (against) me. You pay all your life to SS and when you die it's gone. At least private plans would be left to a beneficiary.

[CindyDawg]

Just give me what I have paid in and call it even. I won't pay any more in and the government won't owe me anything. I'll take care of myself.

[litany_of_lies]

The sooner it's ruined the better for us who want it privatized.

Oh if that were only the case.

The fact is that if it deteriorates too badly it will get to the point where we can't afford the transition costs to privatization (money going into private accounts can't be paid out as benefits). If the politicians run the math and realize they can't privatize without a massive tax increase, it won't happen. If potential beneficiaries conclude that their benefits less the tax increases will be lower than the current system's level, they'll vote anyone who want's privatization out of office.

France, Germany, Italy, and Japan are probably already at the point where privatization will never work. They're stuck with either benefit cuts and/or tax increases, and the intergenerational warfare long predicted by SocSec opponents is beginning to appear.

We probably have about 5-7 years, if that, to get some kind of privatization in place or we'll be in the same boat.

[Kozak]

The sooner it's ruined the better for us who want it privatized.

I wish that were true. I bet the next step will be to loot all the private retirement accounts that we have been contribuing to. A pile of money that big is just too tempting for polititians to leave alone. Watch the whine begin about the injustice of it all that some have private funds to support them while the majority ( including all the south of the border beneficiares) don't.