2 pages/≈550 words
Literature & Language
Public policy (Essay Sample)
There are many issues related to Social Security in the united states, including the retirement test, the fixed retirement age, the treatment of women and families, and the disability test. please discuss the \"problems in Social Security\"? How can [Social Security] be financed in a way that will maintain the benefits expected by the people who have paid into it? (please submit on time. thank you) source..
(December 9, 2011)
A stable and promising future is what everyone looks for once a person retires; in fact it is the reason why many toil day and night. For this reason, the government should ensure that there is a perfectly running social security scheme to protect its citizens. The social scheme must ensure the best retirement test, the fixed retirement age, the treatment of women and families, and the disability test (Biddle, & Johnson, 2008). This paper tackles how a social security can be financed in a way that will maintain the benefits expected by the people who have paid into it.
Debate over social security reforms has always been raging and sometimes it turns to be a political tool to convince the masses for political gain. President Obama has always opposed the earlier move of the former president Bush to privatize social security. In addition, he has opposed to cutting the benefits or raising the age of retirement. Privatization of social security is a bad idea given that companies will start making profits from taxpayers’ money (Koitz, 2001). The issues of privatization will be very tricky since it will not deal with the long term funding challenges; this is because it will be like funding private accounts which will amount to deficit in accounts. On the other hand raising the retirement age is a punishment to taxpayers who plan in advance the years to work (Roosevelt, 2010). Cutting the benefits is also not fair to those contributing and would bring further complications on those who are already enjoying the ...
Get the Whole Paper!
Not exactly what you need?
Do you need a custom essay? Order right now:
YOU MAY ALSO LIKE
- Public ManagementDescription: Literature and Language Essay: Public Management...1 page/≈275 words | 2 Sources | APA | Literature & Language | Essay |
- History CAAMDescription: Literature and Language Essay: and Language History CAAM...4 pages/≈1100 words | 1 Source | APA | Literature & Language | Essay |
- World CivilizationDescription: Undergraduate writing level 1 page Literature and Language Format Style English (U.S.) Essay. World Civilization...1 page/≈550 words | 1 Source | APA | Literature & Language | Essay |