The pyramid scheme idea of SS isnt a bad idea at all. The population grows every year, and that means every year there are more people paying into the SS fund. With each new 'wave' of people paying in, there should not be a problem at all....if the money was left alone. The government has taken money from the SS fund used it for other things....balancing the nations budget is at the top. (
http://archives.cnn.com/2001/ALLPOLITICS/08/28/budget/ ) With the government taking this money and writing IOU's that it has no intention, and no way to pay back, they are the ones causing this 'crisis'.
The ideal way to 'fix' social security would be for the government to pay back what it has borrowed, and leave that money alone! Letting citizens put the money in the stock market is by far the stupidest thing that could be done. The stock market may not crash again (altho i believe it will....its just a matter of time) but that doesnt mean that the private citizens are safe. Just look at how fickle the stock market is today...and how quickly blue chip stocks can turn into shit (the entire Enron implosion for example). Many MANY people lost their fucking shirts when the 'tech bubble' had a blowout....if that happened again what would become of the privitized SS plan...what would happen if the stock market crashed again?
Edit: Just realized this is #1800 for me
