Insurance not investment

Angry Bear:

As mentioned already, the basic solvency of Social Security (or solvency conditional on minor adjustments) is established, so I'd like to instead address the basic merit of the program. My argument centers on the fact that Social Security is really insurance. In fact, the phrase "Social Security" is typically used as shorthand for "Social Security Retirement Insurance."

What's so special about insurance?

I don't to give it all away. Click over and read it all.