O Poll numbers dropping...

[ahiggs]

The people who pulled out of SS would be unlikely to have chosen treasury bills to get a significantly higher return. Some corporate bonds might be more than merely "down". And you seem to be ignoring the management fees that would be imposed. They can really kill an investment portfolio.

Social security isn't an investment; it's a form of insurance.

Um, I'm not sure you can say something "is" bankrupt in the future; at the most definite, you can say "will be" and, more realistically, "may be, if steps are not taken".

In 20 years or so, the system will not be bankrupt, but more will be going out than coming in. It will take another 30 years on top of that 20 for all previous contributions to be paid out.

However, if the contribution cap were raised then this might not happen at all.

actually social security was never ment to be a retirement in the first place...people should take care of that on their own, it was ment to be a supplement. i work for the railroad so don't pay s.s. i pay railroad retirement, it is not going broke. which tells me that if the govt. would keep thier grubby little fingures out if it, it would probably be fine

 

[Panzerkamfwagen]

The people who pulled out of SS would be unlikely to have chosen treasury bills to get a significantly higher return. Some corporate bonds might be more than merely "down". And you seem to be ignoring the management fees that would be imposed. They can really kill an investment portfolio.

Social security isn't an investment; it's a form of insurance.

If I had private money instead of Social Security, at least I'd have the stocks, gold, or whatever that I'd purchased. Those would be worth more than an IOU from the government.