"Risky" private SS accounts...

Government revenues depend on the macroeconomy. If people are making money and spending it, government revenues go up.

Those who suggest that private SS accounts are subject to disaster in the event of an extended economic downturn never bother to explain how the traditional SS checks will be funded during the same period of economic downturn.

After all, today's SS plan is strictly pay as we go, and therefore a year of decreased federal revenue means the liability must be debt financed.

This phony argument only works on those people who still ignorantly believe that there exists some "fund" with individually labeled accounts for each of us who pay into the SS fund every week.