Reply #2: SS sort of solvent.

[disidoro01]

I'm not disagreeing that SS privatization would be wrong. I do not believe that SS is either solvent or strong though. Money paid into SS is exchanged for securities backed by the full faith and credit of the U.S. government. Returns are horrifically low and there really is no guarantee that IOU's can continually be repaid. Congress needs to keep their hands out of this cookie jar. It's a recipe for disaster. All the reports coming out say it's solvent and strong but that is based on repayments continuing to happen. As our debts and deficits grow larger, the strain on the government will grow larger and it will without a doubt impact SS. If you borrow 200 dollars and invest it in a stock that loses 1%, How do you come up with the 2 dollar loss to pay back your lender?