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→President Clinton's proposal to privatize
===President Clinton's proposal to privatize===
===President Clinton's proposal to privatize===
Social Security has been called the "third rail of American politics" because politicians get badly burned if they try to tamper with it. In 2009 conservatives attacked the Democrats health care reform program because it involves large cut-backs to Medicare.
Social Security has been called the "third rail of American politics" because politicians get badly burned if they try to tamper with it. In 1999 [[President Clinton]] proposed investing the Social Security Trust Fund in what some might consider "risky" assets in the [[stock market]] and [[bond]]s. The stock market then was in the late stages of a bull market cycle with stock prices and indexes overvalued. Clinton told a joint meeting fo the U.S. House of Representatives and Senate,
{{Cquote|I propose that we commit 60 percent of the budget surplus for the next 15 years to Social Security, investing a small portion in the [[private sector]], just as any private or State Government pension would do.<ref>[http://www.c-span.org/Transcripts/SOTU-1999.aspx President Bill Clinotn's 1999 State of the Union Address,] January 19, 1999. Retrieved from C-Span.org 19 August 2010.</ref>}}
In 2009 conservatives attacked the Democrats health care reform program because it involves large cut-backs to Medicare.
In 1965, prodded by liberal president [[Lyndon Johnson]], Congress enacted the [[Medicare]] program as part of the "[[Great Society]]." Medicare operates as part of Social Security and provides affordable health care to beneficiaries over the age of 65. A [[Medicaid ]] program was established to provide health care for poor people who can not afford private health insurance.
In 1965, prodded by liberal president [[Lyndon Johnson]], Congress enacted the [[Medicare]] program as part of the "[[Great Society]]." Medicare operates as part of Social Security and provides affordable health care to beneficiaries over the age of 65. A [[Medicaid ]] program was established to provide health care for poor people who can not afford private health insurance.