Why does Sharron Angle running against Reid want to privatize Social Security and raise the retirement age?

[Growth vs. Oil]

I don`t want my Social Security to gamble on the stock market, Social Security is not an investment, it is a boring safety net there if my risks on the stock market fail. And how is a larger worker pool with lower waging going to help the youth? Are Republicans the party of the fading generations and don`t care about the youth?

[me]

First off you can retire at any age you want.

Social security is not a very good retirement plan and you will be living pretty slim if thats all you have.

The age will be raised period it has to be. People used to drop dead at 65, not anymore.

So you think the government pissing it all away as it comes in is a good plan?

[King Harry]

I think she like many Americans can see that Social Security is broken and need to be fixed.

[WRG]

Because if those two things don't happen nobody 40 today is ever going to see a dime of SS retirement funds.

It is the youth that are going to get screwed if it isn't fixed.

[Scott]

Save your own money and retire when you want... Most people with any common sense can see if people live longer they should work longer!

[grandma zaza]

Possibly because it is broke and currently does not have enough money each month to pay its obligations, and they would like to see it solvent for future generations.

Do you realize that the government has taken over 2 Trillion dollars out of the SS trust to fund "other" projects?

[adeline]

Privatizing SS does not mean you have to invest it in the stock market. You can do whatever you want with it.

[Uncle Pennybags]

SS is a gov't program. When we privatize it, it can be set up however we want.

So how about if the privatized account is set up so we can only invest in a range of safe investments? How about FDIC insured CDs or Inflation indexed gov't bonds?

Then we'd do far better on ROI then we get with the Ponzi scheme that is SS today.

[Brian]

Because that would actually give people choices. You can probably invest that money at a risk level that you are comfortable with. As for retirement age increases we have been seeing those for the last couple of decades and will continue to see them regardless of who wins an election..

[flower]

Privatizing Social Security might mean the government does not get all the contributions you make through payroll deductions. That would result in eliminating many social security programs that are paid from those contributions you make when you work. No one knows how it would work. These are the programs I know of that depend on your soc sec contributions. People who dont want to chip in to SS, forget they might need it before age 65 for many reasons, and maybe you wont be able to withdraw it. You have 401K for investment.

* Divorced spouses of over 10 years can receive spousal benefits after age 60 unless they are disabled, then the age is lowered to 50. Each ex-spouse of a divorced person gets the benefits.
* Each child of a divorced spouse from each marriage of over 10 years gets benefits
* Each child of a disabled parent can receive social security benefits
* Children born with a permanent mental or physical disability
* Each child of a deceased parent receives survivor benefits
* Legal senior emigrants who have not worked in the U.S. can get SSI
* Families can get benefits depending on income and family size of $2000 a month
* Pregnant girls and women of low income can get SSI
* Seniors whose retirement Social Security is 150% below federal poverty guideline receive SSI to make up the difference.
* Adults under age 65 can qualify for SSI if disabled short term
* Adults under age 65 can qualify for SSDI if long-term disabled