Reply #3: So, Social Security has served the American people well for over 70 years. [View All]

The radical right is doing this on purpose and they will destabilize the American economy as they impoverish more and more Americans. Like privatizing public utilities and other essential services the American corporatists are leading us into the Hobbsian nightmare that British conservatives are trying to run away from.

" And so, at the exact moment that America contemplates replicating this disaster, many in Britain -- some conservatives included -- are looking more and more kindly on American Social Security as a model for reform. The National Association of Pension Funds, a group of employers who sponsor the nation’s largest schemes, is urging government not to expect the private sector to shoulder the burden of keeping the nation’s elderly from poverty. Chief executive Christine Farnish notes that it’s “actually cheaper for the state to carry the risk,” adding that in looking for a system that offers the best combination of modest guaranteed retirement benefits delivered at low cost, the U.S. Social Security program seems the best model. “It doesn’t have to make a profit, and it delivers efficiencies of scale that most companies would die for,” she says."