Social Security R.I.B Should be Privatized

This round I shall work on my Case and with the character restriction I will appoligies if I run out of room and have to cut a few things shortContention 1: Social Security flawed and will crash.When Social Security was created the US federal government made a profit from it as there was 25 people paying for 1 person that recieved Social Security. Now it is nearly a 3 to 1 person and if something isn't done soon the system will be bust as there's no way that a 2 to 1 or even 1 to 1 ratio could work. The reason this is occuring is that the Baby Boomers are starting to retire also we have lower birthrates which have massively declined since the Row V Wade decission. [1] Since 2010, the US income that they would generally make off of Social Security has evaporated and they began loosing money. The Treasury reports that by 2034, the US funds will run out and eventually Social Security will engulf the entire US budget. [2] Although Social Security only takes up 13% of the US Budget by 2020 its expected to be up to 29%, by 2030 it's suppose to be 49% and if this trend continues then in 2080 it will consist of 89% of the US budget. [3] Alternatives that is not ran by the government needs to be found in order to protect our nation's welfare. Another key issue is that of taxes. When Social Security was created the taxes was $3,000, but now it is a whopping $118,000 which rose 700% higher than inflation showing how much harm it is preforming on the system. [4] It has risen to 12% for many self-employed and small business owners harming our business and industries. The privatization will solve for this issue and will boost economic growth in the process. Contention 2: Privitization solves.One of the greatest tragedies of today's market system is that the government is trampling our right to Choose. In the 1990's a think tank came together and found that the US should privitize social security. Bill Clinton and Newt Grinrich came together to discuss this issue and they came to to an agreement though nothing came of it as it disappeared from the Congressional agenda after the Contract with America. If privitized people will see a larger investment for a cheaper cost. Research has found with trials in Texas and Florida that with the privatization there is a 11.5% yearly growth where the current rate of Social Security is 2.5%. [5] That's a huge difference and it's more money you can use when you retire and maybe you can even retire earlier. Martin Feildstein, former US Treasurer has found that, "someone with $50,000 of real annual earnings during his working years could accumulate enough to fund an annual payout of about $22,000 after age 67, essentially doubling the current Social Security benefit." This was only at a 5.5% increase as well. [6]A Gallup poll found that 60% of Americans believed that they will not see their retirement money from Social Security. Why's that you may ask? It's simply the matter the fact of governmental interfearance in these accounts by "reaching into the cookie jar" when they are sore on funds, but they do this in boom and bust. Privatization will transfer full control to the individual and they will have the money. [7] Unlike the status quo, when you die, your Social Security funds will be transfered down your inheretance line to your family, so you are able to still use it instead of being like the South Park Cartoon "Aaaaand it's Gone." [8]The first part is that people are mishandling their money by seeing that as people can choose when they want to retire they have to pay a higher amount of taxes. Some people take a higher tax burdern to retire quickly where the max age is 65 for males and 60 for females and the workers can choose to invest up to 20% in to this Pay as you go system, which mind you isn't the same system as mine since it still contains the Public Option while I'm phasing out from public to private. This leaves no government option. So the Chilean Expirament is like mine, but is not the same so my opponent may argue against this, but there is no direct link since the public option still exsists and even Jose Pinera Chile's former Secretary of Labor and Social Security. What adds to his stature was that his administration lasted through the transition. [9] In the country no AFP (spanish accronym for Pension Fund Administration) has gone under in the 14 years that the country has been doing this plan and no worker has lost a dime. The only reason, Pinera claims, that there is a loss reported was due to the financial crisis and lack of consumer confidence. [9] Not to mention this plan has caused the nation to see a 2% Gross Nation Product increase each year in this span. This, what they call Capitalization, has greatly helped the nation by them changing from Socialistic policies to that of the Chicago Boys and slowly adjusting over the years. Now why does this actually matter that I am arguing this? It's a reflection of the current state transition from State controlled Monopoly on the Social Security down to the private control.You'll have to forgive me as I'm running out of characters here for the rest. On to Galveston. We can see that it did this out of the fact that the US Congress was not doing anything to combat the growing Social Security issue that was arrising in the 1970s, so they acted. The Alternative Plan in Galveston is actually still in effect today and for the past 18 years people in the three Texas counties have seen a 6-6.5% return on Social Security compared to the 2-3%. [10] Concidering that it takes 26% of the budget such a task would be a simple phase out over the span of 10 years as I have already addressed. When the New York Times reporter visited a small town in Chile he found that, (1)Retire in 10 years, at age 62, with an annual pension of $55,000. That would be more than triple the $18,000 I can expect from Social Security at that age. (2)Retire at age 65 with an annual pension of $70,000. That would be almost triple the $25,000 pension promised by Social Security starting a year later, at age 66. (3)Retire at age 65 with an annual pension of $53,000 and a one-time cash payment of $223,000." [11] Investors Business Daily had also found that in Chile in the past 30 years that the annual rate of return is 9% compared to the 1-2% here in the US. [12] We can already see that this sucess has been drowned out by criticisms that doesn't speak to the amount of sucess reached here. We can see that it was coastly, but that was paid off and not to mention that the short term pain turned into massive long term gains ranging from massive returns on pensions to doubling and even trippling of the nation's growth rate. [13]Sources1. ( Social Security Administration, "Frequently Asked Questions: Ratio of Covered Workers to Beneficiaries," ssa.gov (accessed Aug. 17, 2015)2. (http://tinyurl.com...) 3. (http://www.ncpa.org...) 4. (Bureau of Labor Statistics, "CPI Inflation Calculator," bls.gov (accessed Aug. 17, 2015)5. (http://tinyurl.com...)6. (http://tinyurl.com...) 7. (http://tinyurl.com...)8. (http://tinyurl.com...) 9. (http://tinyurl.com...) 10. (http://tinyurl.com...) 11. (http://tinyurl.com...) 12. (http://tinyurl.com...) 13. (http://tinyurl.com...)