what do you think about Private Funding or FICA or social security?

Question

im asking beacuase im doing a 6 paragraph essay on the subject.
we are suposse to pick a topic about an american issue.
and we can either be For or Againist the topic.
and on this topic i chose to support it.
which means im for private funding.

kinda lame topic but its a very good issue in america.

so help me out please.

Answer 1

If you trust the government to fund your retirement, I have a book to suggest. Its called "72 ways to prepare ALPO and love it. " OK I stole the fictional title from someone else, but you get the idea. Don't expect ANYONE to fund your retirement except YOU.

The ENTIRE social security "trust fund" is 'invested' in government bonds. In English, the government has already borrowed the money will no clear means of repaying it. There is no possible investment more risky than "we'll find the money somewhere". That is where the money is now.