"The reason that the System is broke is that it has been raided by every administration since it started to pay for every entitlement imaginable."
Sorry, there , Troll but you be grossly *misinformed".
Social Security has been "self-paying solvent". It began to get raided as the Fed's personal "honey pot" during the Reagan "Deficit Spending Orgy". It was the Reagan Admin that "raised" the SS payroll tax ( thus on the wage-earner ) to provide "hidden funds" to try and offset the "revenue shortfalls" from the up-front "Supply-side" tax cut of which the lionshare went to the top 5% whom then turned right around and had extra investment capital to first lend those tax savings right back to the Fed in thre form of T-Notes and double digit interest rates when note investing in "military contractor stocks".
Bottomline: Both investments wound up on the backs of the wage-earner tax payers. The Reagan/Bush *bailouts* of private sector miscreants , some call it "corproate welfare" as the half $trillion$ "Savings & Loan" was the crown jewel ,didn't help any.
So let's get our fiscal-historical facts straight ,shall we please.
Oh, and people living longer nowadays get far *more* than they *ever* paid in to the Soc.Sec. fund and had it all been invested in the Stock Market , as was all the rage in the 90's , you'd have wiped out many more $trillion$ of retirement capital than the 6 $trillion$ that has already been wiped clean in 401-k's and not already "bilked" corporate pension plans.
"No wonder they don't want to privatize even a fraction of it."
Well "they" refers to all Repubs now and the more they cut taxes the less revenue which can only translate into *Deficit Spending Spree" which means hitting the old "Social Security" honey-pot yet again until it is ALL IOU's and with the new nasty surprise of 6% "unemployment on top of ever lowering of well-paying jobs to "pay into" and replenish that fund "privatization" of IOU's kind of makes the whole "privatization" plan abyssmally moot.