Disagree: Social Security Privatization

The privatization of social security will not provide substantial changes and will ultimately cause more issues within our society.  As the average lifespan of an American increases, more pressures are put on the social security system.  As time continues to pass, the current system maintains its path toward bankruptcy.  Social security is currently underfunded; to solve this issues taxes must be raised or benefits must be cut back.  Even though this is a growing problem within our society, the answer is not to privatization.  Social security privatization will simply create more headaches for our society as a whole.

The privatization of social security will as a result leave less money for current and future retirees.  Poor portfolio management will leave some retirees with must less money than they expected.  Stocks and bonds may have historically preformed well as a long term investment, however, there have been large fluctuations in the market in recent time.  A few years ago the Nasdaq lost over 60% of its value when the tech bubble burst; even a diversified portfolio at this time lost around 30% of its value due to the effects that the burst had on all of the other industries.  Currently, the market situation is looking pretty bleak as well.  Poor portfolio management and the fluctuations that occur in the market make privatization a slippery slope.

Additionally, privatizing social security will further advance the shortage of funds within the system.  By enabled employees to put money into private accounts, less money in turn will enter the current system; as a result the current social security system will become bankrupt even earlier.  There is simply no need to setup private accounts because IRA’s ad 401k’s offer the same benefits that these private accounts would.  Also, the transition cost associated with the setup of these private account would accumulate to a substantial amount; this just adds fuels to the fire, regarding the social security crisis.  Social security privatization is not as beneficial to our society as some people might believe.

Although the current social security system needs reform, privatization will only create more issues than it will resolve.  Fluctuations within the market and poor portfolio management will cause a increased loss of funds for the current system.  Furthermore, private accounts are unnecessary because the setup costs will add up and currently available option offer the same benefits.  These are the reasons that the privatization of social security is a poor option.

Agree: Government Vouchers for Private Schools

Agree that government vouchers funding private schools should be allowed? Parents should have the option to send their children to the educational institute of their choosing.  This option would likely create competition between schools and improve the quality of our educational system.  Government vouchers would enable everyone to have access to the best education.  Government vouchers that fund private schools are actually quite beneficial when examined closely.

If richer parents have the option to send their children to the school of their choosing, then poorer parents should also have this choice.  Some public institutes are not able to provide the level of education that is necessary.  In order to compensate for this inadequate level of education that some public schools offer, government vouchers would enable everyone to have access to quality schools.  If government vouchers are not given, then poorer parents could be forced to send their children to failing public schools, while richer parents will opt to pay for private institutes.  By allowing the government to fund schools vouchers, there would be increased competition between schools.  This competition would force school to improve their quality of education.  No longer would public schools be enabled to coast along without being accountable; currently, public schools effectively have a monopoly because there are no other options.  If other options are made available through school vouchers, then the overall education that public and private schools provide will improve.  Government vouchers for private schools would provide a balanced playing field for parents of all incomes and increase the quality of our society’s educational system.

Private schools currently provide a better education than public schools do.  Private schools may have their significant costs, but they must provide a superior quality of education to stay in business.  If private schools did not, then parents would simply choose to send their children to public schools.  Private schools have a accountability, whereas public schools do not.  Public schools will have students even if their quality of education is worse.  Private schools can give students a better educational background because they can use more flexible teaching methods.  Simply put, private schools provide a better level of education than public school because they must do this to continue their existence.

Government funding for school vouchers should be allowed because there are many benefits.  The argument that government vouchers impose a religion on the public is invalid.  Parents will be the ones making the choice for their child to attend a public, religious private, or non-religious private school, thus the government is not forcing a religion upon anyone which would violate the 1st Amendment of the Constitution.  School vouchers improve the quality of education by creating competition between schools; all parents would have an option regarding which school to have their child attend.  Government vouchers that fund private schools are favorable regarding our society’s education.