Friday, February 19, 2010

Issue #3- Social Insecurity


Social Security today is soon going to be spending more then we are taking in, President Bush has proposed many options to fix this one being private investment accounts. Many feel that dramatic changes need to be made to keep our government strong. The Social Security system is going bankrupt and making our economy very weak, if it is not overhauled we will run into very large issues including cutting benefits for everyone except for those Americans who really need it. Some Americans believe that the system remains strong and that future short falls can be avertede. These supporters say that we can make some small changes to fix these problems by raising the caps on earning that can be taxed and also gradually raising the retirenment age.

I believe that we will need to make dramatic change to fix this because if we dont we will become a weak country. We need to start doing things to fix our issues now, if we wait too long it will be too late to fix this. We will fall in to debt and more then likely wont be able to get out. Joe Biden has the same view on this issue that I do, here is an article showing this. We need to make changes such as raising taxes and raising the retirement age gradually. Although I see how some people could say we might make it with just small changes but with these little changes I dont see how this could do alot. This is a tough topic in todays society, by the time I am old enough to get social security there wont be any funds left.

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