Every American who funds social security deserves to collect the benefits of prior year funding. In this editorial, by Veronica Salazar, in USA TODAY, she tried to calm the fears of those who think that social security might be on it's way out.
Socail Security is a safety net that keeps millions of our elderly out of poverty, and the young people today, in the next 20 years will not be so young anymore, so the decisions of today will surely affect the events of tomorrow. She said "Social Security is still a moral and political obligation with few paralles in American Society, it's no joke that it has been called the "third rail of American Politics (touch it and die)". Yes, I agree with her, that every worker who have dutifully worked and had Social Security taking off their paycheque every payroll period for decades has every right to expect the government to live up to it's end of deal and provide retirement income when the time arrives
From my understanding, the last time in 1983 when social security had problem, congress stepped in and fixed the problem, that is really part of their job, if social secuity is running at a deficit recently, that is because the federal government is owing the trust fund, and has not paid the money it is owing. I also know that all current year taxes are used for current year benefits. which means, if the social security is dipping into the red right now, the government has an urgent task to rescue it just like they did before in 1983, for it is their job to do so. i believe that social security is going to be around for a long time, it is not going anywhere yet, not even in the next 27 years.
I'd have to disagree with how people assume today's social security benefits really are still effective. There are several factors that prove what worked in the past, does not match up to the function of social security today. In a video with Neil Cavuto, he raises some basic questions that challenge the effectiveness of today's social security.
ReplyDeletehttp://video.foxnews.com/v/4310740
For one, people are so dependable on social security benefits and use as a primary income. Retired men and women are living much longer past age sixty-five. At some point one has to wonder when what is taken out of every paycheck of working American is outweighed by social security payouts.
FDR's New Deal program provided Americans with too much dependency to bail them out. In theory, it was a good idea but today, welfare programs are outrageously used as primary means of aid. Government should not be established to take care of it's people. It surely makes one wince at the phrase "Chasing the American Dream," when modern Americans take advantage of today's handout government.