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In 2005 President Bush proposed a privatization program that would allow people to control their own Social Security accounts, especially by investments in the stock market. He argued that the stock market provided higher rates of return. The proposals got little support and were dropped. The stock market collapse in the [[Recession of 2008]] chilled enthusiasm for similar proposals, and no prominent politician in 2009 is proposing privatization.
In 2005 President Bush proposed a privatization program that would allow people to control their own Social Security accounts, especially by investments in the stock market. He argued that the stock market provided higher rates of return. The proposals got little support and were dropped. The stock market collapse in the [[Recession of 2008]] chilled enthusiasm for similar proposals, and no prominent politician in 2009 is proposing privatization.
In the 2012 Trustees report, the Trustees projected that in a good economy Social Security may be solvent until 2033. They provide less optimistic projections in which the Social Security is unable to pay full benefits in 2027. (http://www.ssa.gov/pressoffice/pr/trustee12-pr.html)
===Pros and cons of social security===
===Pros and cons of social security===