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General Category => General Discussion => Topic started by: Trumpeldor on October 23, 2007, 11:01:20 PM

Title: Should social security be privatized?
Post by: Trumpeldor on October 23, 2007, 11:01:20 PM

Happy voting!

Title: Re: Should social security be privatized?
Post by: Wayne Jude on October 24, 2007, 12:06:19 AM

Man I hope not!

Title: Re: Should social security be privatized?
Post by: RationalThought110 on October 24, 2007, 12:40:02 PM

Is privatization the proper term?  Don't you mean "personal accounts?"

Title: Re: Should social security be privatized?
Post by: kellymaureen on October 24, 2007, 12:46:19 PM

I wouldnt rely on social security to get me through retirement....Ive invested and am saving.

Title: Re: Should social security be privatized?
Post by: Daniel on October 24, 2007, 02:35:59 PM

I'm concerned that the baby boom generation is going to suck the system dry and that there might not be anything left for us by the time we reach retirement age. I think something needs to be done to either preserve or reform social security if we wish to have anything left by the time we retire and if we want to preserve it for our children and grandchildren. But I'm not so sure privatization is the answer. As corny as it might sound, I think that Al Gore's "LOCK BOX" idea might be the only viable solution. We can't keep raiding and borrowing funds and expect that there's going to be anything left for the future.

Title: Re: Should social security be privatized?
Post by: newman on October 25, 2007, 05:08:17 AM

Certain things should NEVER be privatised.

Defense forces, jails, the postal service and social security should remain under the direct control of a government.

Remember, in this age of globilisation you can't stop foreign investment & take-overs. You wan't a Saudi company in charge of who gets their check each month?