Privatize Social Security

privatize social security
Garrett Summers | United States

The Federal government’s spending is out of control. The current US debt is $22 trillion and every year we add about another $1 trillion. Shrinking the size of the federal government means shrinking its power. Money is power, so decreasing the amount of money and economy the government controls should be the first place to start. Social Security is the number one expenditure of the federal government. Every year, about $1 trillion dollars of the budget goes towards Social Security. Privatizing Social Security would nearly remove the annual deficit. It would also return the power and responsibility of the individual to manage their own retirement.

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