Quote:
Originally posted by Not Bob
And the administration does want to privatize Social Security. Calling them on it is not a false scare tactic. (I haven't heard any specific KE 04 comments about the draft, other than the "back-door draft.")
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Responding more to Bimore here than Not Bob, the fact is that privatizing Social Security does threaten the system. The SS trust fund is currently largely made up of USG IOUs. Privatization will reduce even further the projected reductions in inflow to the system. This guarantees that in the future, keeping SS around as an entitlement is going to require a massive bailout.
Personally, given my high level of skepticism that it will be around in its current form when I reach retirement age, I'd actually favor privatizing future contributions, provided that payments become means-tested immediately. But then, I'm honest about wanting to bury Caesar.
