To change the subject slightly, I was surprised to read last night that the republican candidates are talking about partial-privatization of social security again. I can only imagine that their analysts are telling them that this will play well with younger voters, many of whom are convinced that they won't get anything back from social security. But is this a good political strategy? I'm just surprised they would go out of their way to bring something like that up.
You can't generalize like that. There are any number of positions out there amongst the candidates.
That said... Few candidates - and certainly not Obama - have the cahones to deal with the inevitable future collapse of Social Security and Medicare. Third rail of politics my a**. Anyone ever heard of leadership?
The simplest early solution is to raise the retirement age. If all that wonderful Obamacare, Romneycare, or whatever is doing us all the good they claim, then we should have an abundance of increased life expectancy. Am I wrong? It's only fair - and fiscally responsible - to raise the retirement age a few years. A few more years giving and a few less on the take, and the spreadsheet balances. *
I'm ambivalent to privatizing social security. I'm certainly not going to see any of it. There aren't enough younger people to support it by the time I'm well into my retirement years. I saw the writing on the wall back in 1980 when my graduate adviser was showing us the math. Bottom line - don't rely on the government to protect you.
* Just a touch of sarcasm...