Who?
Social security really affects everyone. People are compelled to insure themselves through payroll or other taxes so they will have money in retirement, loos of a job, death of a family breadwinner, or physical disability. Social security is the most successful anti-poverty program, but started to show signs of fiscal trouble by mid 1970s. This is very worrisome to me because I have always heard by the time I retire there will not be enough money to take care of me.
What?
I originally never considered social security as a program helping poor people. I do think social security is a good program, but considering that it is depleting as we speak it wont last long. Since the Obama administration is so against privatizing social security, what else could be done? If you are strongly against one idea, it would be more helpful to come up with other ideas rather than just saying no like Obama has. According to AJC, if taxes went up about 2%, the government would be able to cover the 75 year shortfall. I dont think this is a good idea since other taxes are already so high. Of course there is always the option to save your own money for your own retirement. Who in America would be able to save enough money to be self-stainable by retirement? Thats a hard call.
It's very sad to see that the people that payed into Social Security the most are the one's who will not be able to take full advantage of it.
ReplyDeleteDidn't you find it interesting to know that this program is the most successful plan to stop poverty?
Social Security is very worrisome, I feel like with any solution or not doing anything about this growing issue everybody will suffer from it. I guess it is an issue where you will always lose something to gain something, if taxes were increase people would lose more money, but may have their retirement money. As with any decision there are pros and cons, but social security has some many of them that it is difficult to decide what can be the best solution. I wonder what will happen when social security is no longer available!?!
ReplyDelete