1. Social Security- An Uncertain Future
Social Security has been a successful social program by the U.S. government since 1935.
Created by Franklin Delano Roosevelt, this social program has provided economic security and
safety nets for millions of retirees in America today. Now running for over 70 years, Social
Security is in question whether to keep running due to insufficient funds. Democrats want to
keep the program, but Republicans want to end the program entirely, and instead want to use the
money and put it in investment accounts- the hands of Wall Street. However, is this putting
retirees at risk? Is this debt only a myth? Does this privatization jeopardize America?
I believe that Social Security privatization is jeopardizing America. Economic security
and safety will be put at more harm than good if we support this plan. The fact is that there is
absolutely no substantial evidence to support this theory that is hijacking this program from the
very beginning. I acknowledge that some people say that privatization would save America.
According to an editorial published by University of Denver Law Professor Robert Hardaway on
Fox News, he says that private retirement funds from retirees will be supervised by the Due
Process Clause of the U.S. Constitution. Also, BalancedPolitics.org says that putting private
funds in accounts would get an initial increase of value in the Stock Market. This website also
says that billions of dollars would be injected into corporate investment, leading to a stimulus.
However, this is not always the case. First, poor portfolio management decisions can put
a person's retirement at risk. According to BalancedPolitics.org, Social Security funds that are
privatized into private accounts can make a stock's value drop dramatically. For example, if you
spent 30 years investing $200,000 in an account, it could drop to $80,000 in one gloomy year.
Private accounts are part of Wall Street. Wall Street is a place where the games of the Stock
Market come into play. Stock in an American economy is very unpredictable, year after year.

2. There are NO guarantees. So, we shouldn't let Social Security, a place where a retiree's income
provides personal economic security, be part of another place of just playing games. The games
must discontinue.
Second, the U.S. government already has a huge federal deficit and a huge national debt.
Therefore, it doesn't have enough money to pay for a transition to a privatized system. According
to the National Committee to Preserve Social Security and Medicare (NCPSSM), private
accounts divert employee-paid Social Security tax away from the program and into the accounts.
Then, the financial status of the program is worsening and all benefits for retirees are in
jeopardy. In order to provide more benefits, the Treasury gets involved and borrows trillions of
dollars every year, causing debt to explode even more. Then, cuts are made to all programs,
including Social Security. If we don't stop privatization, America will undergo a deficit
manifesto.
Finally, the fact that Social Security is in immediate danger is all myth and
misconception. It has grown into a huge debate in Congress, that it is all a conspiracy. These
conspirators just hate Social Security and its purpose entirely that they make up these myths and
try to dismantle the program and America as a whole. According to NCPSSM, the fact is that
Social Security actually has a surplus of $2.7 trillion and will continue to operate until 2036.
Even after that, it still has money to pay 77% of benefits. All the conspirators want is to take
money out of Social Security, making the program out of money. Then, Congress makes cuts on
everything, and the modern retirees of America suffer. Not only will Social Security collapse, it
will also collapse America's economic priorities.
As for a solution, I call on all members of Congress, both the House of Representatives,
and the Senate, to do what's right for the American people. There should be no debate, and just

3. make sure that Social Security has enough resources to continue operating. I will not allow as a
proud American Citizen for an economic future to be threatened just because of plain old
politics. I also call on the American people to find these conspirators and stop them in their
tracks. These people should get the amount of criticism and punishment they deserve.
Americans, there is clearly an obstacle ahead of us, an obstacle that concerns personal
economic security and peace of mind, and an obstacle that will make Congress even more
dysfunctional. Americans, it's time to put things back in the right places, and stop these
conspirators in their tracks. Finally, one more note on the conspiracy that Social Security and we
as Americans are facing today. Robert Hardaway on his Fox News editorial said that “a selfish
older generation of Americans has pretended to fund social security by means of promissory
notes rather than actual cash or investments- which are essentially meaningless”. He also calls
Social Security a ''ponzi scheme''. First of all, we are not selfish. We are a hard-working
generation of Americans, in every generation, that vowed this country to prosper since 1776. We
use actual money to fund this program so that our economic security can continue as we age.
Second of all, Social Security being compared to a '' ponzi scheme'' is the most preposterous
thing I have ever heard from a Law Professor. Social Security has been a successful social
program for over 70 years that has provided economic income for those who retire and can't get
their paychecks. Furthermore, it helps pay future bills in almost every category. NCPSSM states
that over 54 million Americans get these benefits right now. So for a Law Professor who wants
to threaten 54 million lives should be clear about what he says about himself in general and in
the public sphere and step back a stairwell. Or else, he could be part of that conspiracy.