It appears that the privatization of Social Security (essentially turning the funds over to Wall Street) is making a comeback. Anticipated shortfalls - made worse by Wall Street's national recession - are helping to drive the discussion. This Modern World does a pretty good job of walking us through the other issues and absurdities that surround the issue (click to enlarge) ...
While I have no problem with bumping up the retirement age a bit (a discussion for another day), I can't tell you what a disaster the privatization of social security would be for the elderly -- and our nation. Have we learned nothing from the 2008 meltdown?
Keep in mind that the same guys who got us into this mess are still running the show on Wall Street. The new regulations aren't that impressive either. Besides, Wall Street worked around previous regulations, and don't seem deterred by the prospect of having to pay a few fines today.
If you want a few insights into the issue, and how we can "save" social security, click here.