what does it mean to privatize social security?

[E=MC2]

'Twas the night before elections

*'Twas the night before elections*
*And all through the town*
*Tempers were flaring*
*Emotions all up and down!*
**
*I, in my bathrobe*
*With a cat in my lap*
*Had cut off the TV*
*Tired of political crap.*
**
*When all of a sudden*
*There arose such a noise*
*I peered out of my window*
*Saw Obama and his boys*
**
*They had come for my wallet*
*They wanted my pay*
*To give to the others*
*Who had not worked a day!*
**
*He snatched up my money*
*And quick as a wink*
*Jumped back on his bandwagon*
*As I gagged from the stink*
**
*He then rallied his henchmen*
*Who were pulling his cart*
*I could tell they were out*
*To tear my country apart!*
**
*' On Fannie, on Freddie, *
*On Biden and Ayers!*
*On Acorn, On Pelosi'*
*He screamed at the pairs!*
**
*They took off for his cause*
*And as he flew out of sight*
*I heard him laugh at the nation*
*Who wouldn't stand up and fight!*
**
*So I leave you to think*
*On this one final note-*
*IF YOU DONT WANT SOCIALISM*
*GET OUT AND VOTE!!!!*