each their retirement age. Social Security is in serious trouble and the United States must act fast before it is too late. One solution that would benefit the American people is to privatize the retirement portion of the Social Security Program.
Social Security is in deep water; it is so deep that it could possibly be bankrupt sometime in the next century. Gary Burtless of National Tax Journal stated that "The trust funds will begin to decline and, under most plausible forecasts, will fall to zero well before the middle of the next century" (399). This should frighten just about every working person in America. In fact it frightens so many people that it has really become a hot issue in congress, it is debated more often between our congressman and senators, and it is a major concern of President Clinton. This reason for this is simple; Social Security is in trouble and everyone knows it. One of the most shocking groups of people to notice that the Social Security program is in trouble, are senior citizens.
James L. Martin's 1997 article "Personalizing Social Security" shows that senior citizens are in favor of privatizing Social Security. His interviews with senior citizens lead him to believe that most senior citizens do not want Social Security for themselves but for their children and grandchildren. He states " . . . seniors' most valuable assets are their children, their grand children, and their great grandchildren" (29). So, Martin has decided to start 60 Plus, a senior citizens group trying to find a simple solution to the problem of Social Security. They do this for the sake of their children and their grandchildren (29). However, senior citizens are not the only group who has decided to act on the problem of Social Security.
Martin also discusses that President Clinton and his Social Security Advisory Council is taking measures to find out what to do about the problem with Social Security. ...