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Social Security

            
             The article entitled "The Boomers Queasy Future," dealt with the fact that social security will be running out soon so government officials are looking for ways to remedy this problem. Because the baby boom generation is so big there is a problem with getting them the necessary social security for when they retire. Interest from the trust funds that support social security will be exhausted by the year 2032. .
             One way would be to deny the upper-class their right to Medicare. This would free up some government money for such important things as social security. Raising taxes is another way. However, people would not take too kindly to such repercussions. Today the young generations pay for the older generation so that they can retire. One way to remedy this problem is if everyone paid for their own social security. .
             Another way to solve this inevitable problem is to invest people's trust funds into the stock market. Another way would be to cut pay roll taxes and put them towards IRA's or individual retirement accounts. No withdrawals from these accounts could be made until the person reaches 62. However, people do not trust the stock market. The stock market could fluctuate and the other problem is that some people will not be sure what the correct stocks to pick are. People are also strongly opposed to raising the retirement age and cutting benefits such as health care. Nowadays, young people will have to pay for their elder's retirement as well as pay for their own retirement. Just about the only way to resolve this problem is to establish a Social Security Reserve Board which would invest trust funds into private stocks and bonds.
             The second article entitled "Straight Talk on Social Security" also deals with the problems of diminishing retirement funds. President Bush favors the idea of creating personal retirement accounts. Both Democrats and Republicans favor this idea but must first work out all of the controversies that come along with this plan.


Essays Related to Social Security

1. Social Security

Social Security should not be canceled. ... When Social Security became privatize, they would lose all their money that was saved in Social Security. ... In general, there is no final solution to Social Security. ... However, nobody needs more than 40 credits (10 year of work) to be eligible for any Social Security benefits (Social Security Disability Benefits). ... The Social Security program is a way of providing a base of economic security in today's society. ...

  • Word Count: 1197
  • Approx Pages: 5
  • Grade Level: Undergraduate

2. Social security

Social Security Social Security is one of the most feared problems in America today. ... Social security has been a growing problem for some time now, although the government has passed bills to save social security none have been proven to work yet. ... In his article "Democrats Should be asked about Social Security" Michael Tanner explains how the democrat party is unequipped to handle the problem of social security. ... Smith wants to pass his bill called the Retirement Security Act; he believes this act could save Social Security. ... Not only do all three authors believe Social Sec...

  • Word Count: 573
  • Approx Pages: 2
  • Grade Level: High School

3. Social Security

An Overview of the Social Security, Medicare, and Medicaid Since 1935 Social Security has been the foundation of economic security for America's workers, retirees and their families. ... In 1939 two new categories were added to the Social Security. ... There were no changes in Social Security until 1950. ... Social Security had faced many financial problems since its creation. ... Social Security simply costs too much and pays too little. ...

  • Word Count: 850
  • Approx Pages: 3
  • Grade Level: Undergraduate

4. Social Security

Social security was developed to provide a steady income for retired workers. Social security also helps disabled workers make a descent living. ... The raising of taxes that finance social security, raising the retirement age, and only providing social security to ones who earn less than a certain amount of money are just a few suggestions taken into consideration in order to help solve the social security problems. Social security makes some peoples lives a little easier. ... Because of how social security has played a major roll in my life I fully support the social security system the ...

  • Word Count: 474
  • Approx Pages: 2
  • Grade Level: High School

5. Social Security

Social security first became known in Europe. ... Workers are eligible too receive social security by the age of 62 , but they must have a specific number of work credits in jobs covered by social security . ... Social security problems have arose and are closing in . ... There are many pros and cons to these very important issue on social security . ... One of the groups that is for social security is our US government , they believe they are doing there best to fix what is going on with the issue of social security . ...

  • Word Count: 1886
  • Approx Pages: 8

6. social security

Social Security What is the purpose of Social Security? The Social Security acts and related laws provide several services and programs to retired citizens. ... The Social Security Act started with President Franklin D. ... Social Security benefits are payments that are made under a social insurance program administered by the Social Security Administration. ... However, there is a problem these day with Social Security. ...

  • Word Count: 555
  • Approx Pages: 2
  • Grade Level: Undergraduate

7. Social Security

No one today argues with the statement that the Social Security system has major problems. ... Social Security is a compulsory tax event. ... Social Security is also unfair to the younger worker. ... Social Security has led to a decrease in savings by Americans. ... Social Security should be abolished and the contribution that companies currently make to the social security system should be given to the employees to invest as they see fit. ...

  • Word Count: 755
  • Approx Pages: 3
  • Grade Level: High School

8. Social Security

Social Security "Social Security, public programs designed to provide income and services to individuals in the event of retirement, sickness, disability, death, or unemployment." ... Roosevelt announced to the nation his intentions to introduce a Social Security program. ... The Social Security Act was finally made a law in August 1935 by President Roosevelt. ... President Roosevelt upon signing Social Security Act. The Social Security program has never been a flawless one. ...

  • Word Count: 1202
  • Approx Pages: 5
  • Has Bibliography
  • Grade Level: High School

9. Social Security Reform

The history of Social Security dates back to 1935 when President Roosevelt signed the Social Security Act (A Brief...Security). ... It wasn't until 1956 that Social Security was given to disabled workers (History of Social Security). ... The Social Security System is a pay-as-you-go system (Social Security Information). ... There is no specific Social Security fund (Social Security Information). ... The Social Security system needs to be changed. ...

  • Word Count: 1704
  • Approx Pages: 7
  • Has Bibliography
  • Grade Level: High School

10. Social Security - Problems and Solutions

The Social Security Act was a major turning point in American history (Lubove 176). ... However, the Social Security System, at this time, is nearing its collapse due to a shortage of revenues for everyone who needs Social Security. ... Fortunately, Social Security can be improved to suit better the people and the government that is currently providing social security users with their monthly paychecks. ... However, the errors that the Social Security System does contain can be fixed, as the most important problem is that the Social Security System will not be able to pay its recipients their ...

  • Word Count: 1720
  • Approx Pages: 7
  • Has Bibliography
  • Grade Level: Undergraduate

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