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The Pros And Cons Of Privatizing Social Security

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The Pros And Cons Of Privatizing Social Security
For past 80 years Social Security was one of the most admired government programs around, but lately Social Security is facing significant problems, due to rising of life expectancy, and shrinking ratio of workers to retirees caused by retiring baby boomers, which is makes the current Social Security system, a system that is not good enough to cover the increasing costs, and possibly could lead the Social security Trust Fund bankrupt. The Chairman of the House Budget Committee and now is the newly elected Speaker of the House of Representatives Paul Ryan proposed an idea that will privatize Social Security. Republicans party is pro privatizing of Social Security where president Barack Obama, and Democratic Party are oppose the privatization,
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