The Bush administration proposed to privatize Social Security to allow individuals to invest their own money rather than in the Social Security system. Was this a good idea or not?

Expert Answers

An illustration of the letter 'A' in a speech bubbles

This is all a matter of opinion. I am sure that you will have many different opinions. In addition, since the Bush plan did not get implemented, we will never know whether it would have worked. However, in my opinion, I believe that a smaller role of the government is...

See
This Answer Now

Start your 48-hour free trial to unlock this answer and thousands more. Enjoy eNotes ad-free and cancel anytime.

Start your 48-Hour Free Trial

This is all a matter of opinion. I am sure that you will have many different opinions. In addition, since the Bush plan did not get implemented, we will never know whether it would have worked. However, in my opinion, I believe that a smaller role of the government is always a good idea. There are three reasons for this.

First, generally speaking private company are much more effective than the government. This is partially due to a sense of ownership. When it is your money, then you tend to care more.

Second, if people are contributing to their future, then they will care more. To pay into a faceless system, which might not exist when you are older, does not really inspire people.

Finally, the government promises too much. I would hate to see what will happen if the government ever cannot deliver.

Approved by eNotes Editorial Team