First the reason why Social Security should be privatized is that it is unstable. According to a 2003 report published by the Social Security Board of Trustees declares by the year 2018, tax revenues will fall below program costs (Security). Social Security will be paying out more money than it will take in causing it to be unsustainable. The government will then have the choice to make up the difference by dipping into the government budget, raising taxes or cutting benefits (Security). It is reporting that over the next 75 y...
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