Political: Leave Social Security alone
July 3, 2008 · Updated 10:21 PM
Social Security is the most successful program in our nations history. Taking some of the money that workers pay into the system and dividing it into newly created private accounts would weaken social security. The result: Wall street and non-retirees would be the real beneficiaries.
The privatization process, which the administration promotes according to reliable sources, would require one trillion to two trillion dollars. Where would this money come from? We already have the highest national debt in history, costing two billion dollars in interest every year. Until this question is answered, no changes should be made. Our current program is completely solvent until 2042 (other sources say 2052). This calculation includes baby boomers.
Of course Mr. Bushs goal is privatization of the entire Social Security system. We can now go to a local Social Security office and get straight answers from a competent person. Replacing this personal service with a phone call to India or China would be a nationwide disaster.
M. Ellen Frazier