Privatization of Social Security Back on the Agenda?

From a letter to USA Today:Dick Armey, chairman of FreedomWorks, is dreaming in his piece “Let’s upend Social Security” (Opposing view, Retirement income debate, Tuesday). Eliminating Social Security and putting it in each worker’s hands would be the scam artist’s bonanza. I get calls every day from scammers peddling precious metals, movie investments, “green” energy and other things. Remember financiers Bernie Madoff and Allen Stanford?
If the so-called experts at Lehman Bros. and Bear Stearns couldn’t get it right, how would the average Joe who doesn’t have training or expertise in the financial field? And if the economy went south, as it did the past few years, how many workers would spend their retirement instead of investing it?

Marvin Chosky; Bedford, Texas