There is no security in the current plan that is doomed by demographics, flawed in its failure to fully fund retirement, and immoral in its pay as you go and hope our grandkids can pay the taxes approach. See Senate bill S2552 offered by Senator Grams. Also visit the Cato Institute site (www.socialsecurity.org) for fully privatized, fully funded personal retirement accounts. Senator Grams' bill treats the 10% payroll deduction that is deposited into private accounts as community property (50% for each spouse). With such a plan, the ownership of the funds is immediate and not affected by later changes in marital status or career changes.
