[turbo6bar]

Well, Enron is a good example of how it can go bad, but is it possible the SS system is basically the Enron of 2030? Emphasis should be placed on the fact nothing is guaranteed, even a SS check.

I do agree privatization has some pros. I think individuals should get an option: 1)let the gubmint manage my SS fund, or 2)let gubmint manage 50% of my SS check, and I take care of the rest. Regardless, somebody is going to get rich whether it be fatcat politicians or wall street gurus. The difference is empowerment of the individual. However, this is moot if you are relying on SS as your lone means of retirement. If you ain't preparing for retirement, you're in for a rough ride.

SS is just one of the major retirement issues. SS doesn't fix the pathetic low savings rate.

Thank goodness rental income is not subject to SS/Medicaid taxes. I'm glad to be out of that mess.