>>That's not quite how it works.'
>>Those who are contributing now are supplying the cash to pay those who are on social security now.
>>Your money is not being saved for your retirement. The younger generation will pay for your
>>retirement. If your group out numbers the younger people, your social security cheque will likely be
>>smaller or non-existent. Don't you love socialism?
>
>Actually, during socialism proper, the retirement fund was full, thank you, and the retirements were regular.
>
>>And remember Clinton? Didn't he balance the books or something by using the social security money?
>
>Remember that child of transition from socialism into capitalism, Milošević? He and his thugs have plundered the retirement fund several times over; health too.
>
>Besides, Clinton didn't take the money out of the fund - he just replaced it with bonds. If the Chinese creditors can take these bonds, so can the US retirees ;).

Remember the uproar over privatizing social security when Bush suggested it? He was not the first:

http://www.socsec.org/publications.asp?pubid=337