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RE :”It’s my take that government employment agreements should be lived up to. If a person has worked the prescribed years and is retired, their retirement pay should not be pulled out from under them....People should be encouraged to build up their own funds to cover these basic needs, and if the government were to frame it right, privatization of these matters would be accomplished with very little pain.’

This won't work. It's like telling those forced into the bottom of the pyramid ponzi scheme they must keep on paying with no hope of the payoff to support those at the top. You can't tell young people they are on their own when they retire, but you will take their money they could save for retirement to pay those at the top of the pyramid. It won't fly, it's morally wrong, and it's anti-freedom. But the retirees bind together and vote and the young slaves are clueless (they are learning to live with their retired parents and not work on the books, and voting for Obama for free health care) so the country goes bankrupt .

I am not saying SS is the FIRST thing to cut. Certainly recipients current and future would be wise to oppose that give our current fiscal insanity (not the opposite as will be argued.)

I certainly would question mine (in future) being cut given the current state of affairs. I sure would oppose Obama cutting it to save himself.

Yes..., it will work.

Think about it. Thirty years from today a major portion of the people who are retired now or are retiring right now will have passed on. Twenty years from now probably close to half of them would be gone.

For that reason, people forty years from retirement would have to pay very little to support today’s retirees. Who pays the bulk of funds to the federal government in the way of taxes now? Isn’t it the wealthy and people who make the most money, generally at the end of their careers? Of course it is. Young people generally pay in very little in the first place. It’s generally not until you’re in your early thirties before you’re contributing significant funds into the system. So in reality, that wouldn’t change much. If anything early arrivals in the work force would get a break. They could start saving for themselves earlier, without having to support the retirees.

Those closest to retirement today, would continue to pay their full load. On a sliding scale back farther from retirement, people would be notified they would receive less (if government employees), and would have to pay in less.

In forty years, SS, Medicare, and government retirement plans should be gone.

I do think the military should continue to get retirement. I do think some categories of a national security nature and law enforcement should get some small retirement. But the majority of the retirement funding should come from a person’s own accumulation of wealth over a lifetime.