DUmmies, I'm 24 years old. By the time I reach retirement age, there's zero possibility that the money I put into Social Security will still be there. It isn't an investment or a savings program, it's a pyramid scheme - and by the time I'm at the top of the pyramid, the base won't be large enough to support the tip.
So what you're asking me is if I'd rather have had between forty and sixty years for my hypothetical investments to rebound, or the current situation where I won't be getting dick. The answer should be obvious.