There will be action next Spring on this, so we may not be so lucky.
Actually the Chilean system, often used as an illustration of the glories of privatization, has already taken a dive.
> Alternatively, one could try to explain to people that the stock market
> will _not_ give 30% returns, or even 15% or 10% real returns, forever.
> I've tried to, and don't recommend it. Very painful.
You don't get these returns under privatization, even if the stock market keeps chugging along. A forthcoming EPI report by Baker discusses this. He has already dealt with a different aspect in a piece for the Twentieth Century Fund, the basic message of which is: if you believe the SS trustees projections, the stock market CAN'T continue as it has. If it can, you can't believe the trustees. I've found that people understand that if the economy poops out and jeopardizes SS, stocks will take a beating as well. The problem is addressing the "I'd better get me to a lifeboat" mentality.