"Why shouldn't future generations and young Americans have the choice to earn a higher rate of return? Why shouldn't they be able to own their own Social Security so that Congress can't spend it on other things?"
About this Quote
The subtext is the conservative critique of Social Security as both fiscally precarious and politically vulnerable. By saying people should “own their own Social Security,” Mehlman smuggles in the premise that the current system is not truly yours at all, but a pot of money Congress raids. That’s a charged insinuation: it frames Social Security less as an earned, collectively funded insurance pool and more as a personal account threatened by government theft. The rhetorical villain isn’t market risk; it’s Congress.
Context matters here: this is the early-2000s push for partial privatization, when Republicans sought to convert some payroll taxes into individual investment accounts. The sales pitch leaned hard on generational anxiety (young workers won’t get what they “paid in”) and on Wall Street optimism (returns will outpace government promises). What’s left unsaid is the tradeoff: higher potential returns come with exposure to downturns, and “ownership” implies a shift away from guaranteed benefits toward individualized risk - a cultural pivot from solidarity to self-management, with politics recast as a meddling middleman rather than the mechanism of shared security.
Quote Details
| Topic | Investment |
|---|---|
| Source | Help us find the source |
| Cite |
Citation Formats
APA Style (7th ed.)
Mehlman, Ken. (2026, January 15). Why shouldn't future generations and young Americans have the choice to earn a higher rate of return? Why shouldn't they be able to own their own Social Security so that Congress can't spend it on other things? FixQuotes. https://fixquotes.com/quotes/why-shouldnt-future-generations-and-young-156490/
Chicago Style
Mehlman, Ken. "Why shouldn't future generations and young Americans have the choice to earn a higher rate of return? Why shouldn't they be able to own their own Social Security so that Congress can't spend it on other things?" FixQuotes. January 15, 2026. https://fixquotes.com/quotes/why-shouldnt-future-generations-and-young-156490/.
MLA Style (9th ed.)
"Why shouldn't future generations and young Americans have the choice to earn a higher rate of return? Why shouldn't they be able to own their own Social Security so that Congress can't spend it on other things?" FixQuotes, 15 Jan. 2026, https://fixquotes.com/quotes/why-shouldnt-future-generations-and-young-156490/. Accessed 12 Feb. 2026.


