Social Security In The Future? Maybe Not


Social Security In the Future? Maybe Not
It was early spring in the year 2048 and my bithday was coming up this
August 26. I would be turning 70 years and retirring. I am not looking forward
to it as much as I thought. My whole life I dreamed of moving to Florida and
living on the beach when I retired. I planned on traveling a lot seeing the
great sites the country has to offer. All of these plans have changed instead
my yougest son is putting an addition on his house so that I could move in. I
am very thankful for what he is doing, but I really don't want to go. I want my
privacy and I'm sure he wants his too. There is no other choice I worked as
long as I could but I'm just ...

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had
me thinking and I must have a bad dream.
The Presidential election will be coming up this November 96 and the
question that many of Americans have on their mind is what are you going to
about the Social Security crisis? This question has our nation divided between
generations. The elder people of our nation (ages 50 and up) feel confident that
Social Security will be there for them and that it should be left alone. On the
other hand the Baby Boomers (ages 31-49) and Generation X (ages 18-30) lack this
confidence fearing that they will never receive Social Security, and the money
they put in would be a waste. Many politicians are afraid to touch this issue
because the elder still make a large number of the voting block. Speaking as a
member of Generation X it is our duty to vote for change in Social Security to
ensure we will have something to look forward to when we retire. We can not
wait any longer to defeat this crisis.
The Social Security crisis is the ...

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have spent every penny it has by the year 2030.
In actuality the bankruptcy will probably happen about ten years sooner.
See there is a catch to their surplus that not to many people know about. The
surplus is put in to government bonds so that government can use that money to
support other programs and to pay of other debts. Also when the government
figures out the national debt they subtract that surplus to make the national
debt look smaller. The problem will come when Social Security needs that
surplus to support its program and the government has to pay of these bonds.
The United States will go further into debt having to severely raise taxes and
drastically cut government ...

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Social Security In The Future? Maybe Not. (2004, January 19). Retrieved December 13, 2017, from http://www.essayworld.com/essays/Social-Security-In-Future-Maybe-Not/1707
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"Social Security In The Future? Maybe Not." Essayworld.com. January 19, 2004. Accessed December 13, 2017. http://www.essayworld.com/essays/Social-Security-In-Future-Maybe-Not/1707.
"Social Security In The Future? Maybe Not." Essayworld.com. January 19, 2004. Accessed December 13, 2017. http://www.essayworld.com/essays/Social-Security-In-Future-Maybe-Not/1707.
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PAPER DETAILS
Added: 1/19/2004 05:33:06 PM
Category: Government
Type: Premium Paper
Words: 2418
Pages: 9

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