The privatization of social security programs could conceivably drive prices through the roof. Clearly, this is undesirable for many or most Americans. The program was designed to provide money for those who have none. If more money needed to be paid through the years, senior citizens would be in a worse financial state when they retired. This would largely defeat the purpose of the social security fund. In addition, the programs would not be held to an overarching standard and could possibly fall apart as a result. Privatizing social security is clearly not what the American people need.
While we fully support public social security, the current problems are obviously a cause for concern. The system needs reform. Unfortunately, the current government has been irresponsible with the pension fund; "federal dipping" will almost certainly cause future problems. This misuse of funds involves spending social security money on other matters rather than investing it and saving it for the future generation of citizens in need. At this rate, the fund is likely to be bankrupt by 2030. Federal dipping needs to stop, and these funds need to be reserved solely for the future retiring generations of America
