"The Need for Privatization" A paper on the reasons and benefits of the Privatization of Social Security.

The Need for Privatization Every paycheck 7.65 percent is taken out for a retirement program, after the employer kicks in, a total of 12.4 percent of what you earn goes to the government to fund your retirement. The government system offers minuscule returns by anyone's measure and the system is expected to go bankrupt as soon as 2014. If a private company had these problems, no one would invest. But, this is a mandatory program, Americans have to …

…p. The wait for cancer radiation in Canada is three to six months, twelve to twenty two months for a new plastic hip. Federally run programs will never be as cost effective or efficient as those run in the private sector. Time will tell as to whether Social Security and Medicare will fall out of Federal hands, but common knowledge of Economics shows that more competition breeds more innovative and less expensive solutions.