Thanks SRS. There were two charts in something I received not long ago showing how federal money is spent. It showed a extremely large portion being spent on Social Security, Medicare, etc. The other chart showed the sources of federal income. An incredibly large amount came from payments to Social Security, etc and was larger than the expenditure. Social Security is not an entitlement supported by taxes. It is a service that citizens pay into which you can call a tax but is as much an insurance fee or investment and the service is provided to those registered and investing.

Those determined to privatize Social Security are not doing so to protect the funds or to increase the funds. Their goals are to use those funds for investing and making profits with contributed money. They will put our protected funds at great risk and while the private managers will no doubt accumulate vast fortunes a bad market or two like we have just had and the social security funds are gone. If the privatizers get federal insurance then the payments will be made out of tax funds. On the other hand if the investments make large sums of profit they by reason the Social Security payments will be larger than expected. My limited experience is that the fund handlers will reap most of the real profits.