Ironically Argentina's system is a perfect example of what goes wrong when you privatize Soc Sec. They drank the free market coolaid and their economy melted down and along with it all the retirement savings of the nation.

I love this part too

"why Americans are not saving as much for their retirement as they could,"

Let me clue that guy in. Because it now takes two incomes to earn what one income could pay for 30+ years ago. Savings? heck most people just want to survive or fool themselves about the loss of wages by taking on more debt.