Are all of today's teens/20-somethings dealing with entitlement issues?

[ryoder]

Storyteller, I agree with you. I have been paying in since I was 16 years old and I have paid in quite a bit by now. I am assuming that the US will be in such a bad state economically by the time I am ready to retire due to years of over spending and overcommitting to entitlement programs that there will be no social security.
So I am not planning on having a single cent of my lifestyle financed by the federal government. If you read the fine print there is no guarantee of any of that money coming back to you. In fact the democrats are looking into means testing. Which basically means that they can deny you social security if you have other income like a 401k.

Bush tried to change the social security laws to allow for you as someone who pays into the system to designate a portion to go into your own private account. He was lambasted as trying to privatize social security and it was political suicide for the republican party.

If given the choice, would anyone choose to pay their social security taxes to the government over putting those funds into an account they can manage themselves? I think no one would.