Save Social Security
Pass a law putting in prison all members of Congress, the President, VP, Cabinet secretaries, agency heads, & White house officials that facilitate the spending or spend any Social Security revenue for purpose other than payments to Social Security recipients or record keeping, question answering & enrollment of paying members or recipients. The only exception is if the offending officials have prior signed agreements by enough individuals paying into Social Security that the combined payments by the individual and the their employer for all social security numbers with these signed agreements have already sent in enough funds to more than cover the expenditure in question. No agreement shall be for a period longer than 2 years. Buying a government bond and spending the money used to buy the for purposes other than Social Security will still be deemed a direct violation of this law.
It is not privatized, government just cannot spend it! It has to be actually invested in something more economically substantive than a government IOU. If they want to know where to invest my money; place it in US minted Gold coins held at Fort Knox, Kentucky. The Army being authorized to shoot anyone trying to take my gold will allow an asset secure sound nights sleep for the first time in 60 years.
With a Smile, HKgovt
Save Social Security
I'm retired US Treasury Dept agency financial examiner. I know where to find the government numbers and how they hide and lie about them. For 60 years 1940 to 2009 there are only 7 years where congress and the president did not take (steal) and spend almost every dime of the Social Security revenue over that years Social Security expenditures. Clinton could only claim balanced budget by stealing $120 billion from Social Security to get out of that years budget hole and up to $0 Zero!
Think about Rationality&Economic soundness (or lack of it) of SS system. My 3 grandparent that lived to collect (one died before it was created) collected over 2.5 times to 5.5 times the total they paid in (died at 77 to 93). My parents collected way over 3 times total paid in (died 86 & 90) did not collect until 64.5 & 66.5. Program never adjusted for life expectancy going from 68 or 69 in the late 1960s to past 73 and 78 now. Why should anyone not disabled be allowed to draw 8 or 10 years longer than their great grandparents or grandparents were allowed to draw benefits. None of us should be allowed to do this when it bankrupts the system.
At 73 you've possibly collected 1.3 to 1.6 times what you paid in, at 78 more than double what you paid. Can work but not unless those 45 to 50 and younger, wait to draw until within Eight yrs of life expectancy to begin collecting. If starting age not adjusted for under 50 on average they will draw out 5 or 6 times what they paid in. Of course program BROKE before they get it all.
Look at obituary ages, over 75 drew benefits way past the 7 to 8 yr break-even point. The Other thing that must be done is to keep 7% deductions or payments going no matter how high the income. If still going broke after reasonable adjustments to early and regular age for beginning benefits & how high the incomes paying in, then we must stop SS payments to those reporting for income tax more than $90, $100 or $120 thousand. Congress decides on a fair amount. In months I'll be sixty & am not entitled to 5 to 7 times what I paid in and am not entitled to draw benefits so long the system goes BROKE.