Privatizing Social Security would remove the safety net to keep future generations from possibly becoming destitute. Today, millions of seniors, two thirds of older Americans, depend on their Social Security payments for basic living expenses. It has been a successful retirement program with a minimum administrative cost. How can we trade this for a “chance system” that demands high administrative fees 10 to 30 percent higher? Private accounts are expensive and chancy; just ask my friends and relatives.
Changes can be made to ensure Americans that our Social Security system continues for future generations. It can be strengthened with adjustments such as removing the cap on the amount of wages taxed to support Social Security and including all newly hired state and local government workers.
Please support future generations and keep our Social Security system whole. Contact Senator Smith and urge him not to privatize Social Security, but to make helpful and fair adjustments.
Ruth Duemler
Eugene