They are owed nothing. I am sure their grandchildren will do the right thing and take care of them the best they can. But they need to shut up with this entitlement bs. They are receiving welfare.
"Never fear. Him is here" - Captain Chaos (Dom DeLuise), Cannonball Run
Mace Windu: Then our worst fears have been realized. We must move quickly if the Jedi Order is to survive.
And of course, the majority of people aren't able to calculate the difference between social security and what they could have with private retirement + private disability insurance. I think the reason it's not more of an issue is it is, is the American people don't realize just how badly they're being screwed by the social security system.
It's really not a question of public versus private benefits, but more of how it works. A private company using the same model as social security would be equally screwed. But once you've established the system, how do you get out of it? A private company offering that kind of plan could go out of business. The government isn't so lucky.