Is Social Security Reform Really Necessary?

2847 words - 11 pages

Is Social Security Reform Really Necessary?

For many years the social security program has been operating successfully. In recent times however, it is becoming apparent to some that social security is in need of reform. Their argument is that with the amount of people getting older in the next couple of decades, there will not be enough money left in the social security reserves to pay for everyone who needs it. That is why the idea of separating social security up into private funds has been brought to the attention of the American citizens. This idea of reform has been around for quite a long time; however it has been pushed on by pro reform supporters more in recent times because they think it is necessary for the future of the social security program. The idea of reforming the way that social security functions is a bad idea because the way it is set up right now will work in the future regardless of population changes. It also won’t be worth the time and money to reform something that is already working very well, which social security is. Furthermore, the current president’s plan of privatizing social security had many problems and will not work very well during future years. These problems will not only affect the way our seniors live their lives, but also it will put our country deeper and deeper into debt. Many things would change as a result of social security reform, not one of which is better. Most Americans do not enjoy unnecessary taxes and costs, and the privatizing of social security is one thing that is preventable and would not even save the American citizens money in the long run. This idea is very poor, and there are many reasons why it should be stopped.

To understand what is wrong with privatizing social security, it is very important to first know how social security works in its current form. What social security is exactly is a way for older Americans and retired American citizens to have financial benefits after they become too old to be working. This includes money for prescription drugs, food, and other common living costs. It comes to the beneficiaries in the form of a check routinely. This money comes from a vast social security reserve that is paid for by the common American taxpayer. The idea behind this is that when you are making money and have a steady job, you will pay money toward social security so that in the future you can benefit from it when you are retired by the payments of those that are younger and are working. It is kind of a cycle that keeps on going, and it adjusts accordingly to inflation and population changes and so on. But there are those who think that it is not going to hold up and the reserves will be depleted in the future as baby boomers get older. This is not true at all because as there are more people needing it, the inflation rate will also go up, giving everybody a chance to receive the benefits of social security.

Those who think that privatizing social...

Find Another Essay On Is Social Security Reform Really Necessary?

Comprehensive Immigration Reform is Necessary in the United States

1014 words - 4 pages thought of that being me or one of you. So in recognizing the immediate need of a wise and comprehensive plan to combat the growing number of illegal immigrants entering the nation through the southern border, it is imperative that the United States implement a comprehensive plan for Immigration reform. My fellow American youth I come to you today with hopes of raising your awareness on the major issue of national security because our government is

Homeland Security: The Patriot Act, is it a necessary evil?

1298 words - 6 pages against the Patriot Act. The American people can also do what the “Patriots did and push for further examination of the Patriot Act, and push to keep the Patriot Act from getting any stronger or more intrusive. The Department of Homeland Security has backed the Patriot Act since its authorization, and there is no doubt that the Patriot Act is necessary for stop terrorism. So the answer to the Question if the “Patriot Act is a Necessary Evil” is

This is a policy paper. Social Security.

1542 words - 6 pages working people contributing to this social security programwould never see their money again and they were being flat robbed.Well, today we are starting to see that problem arise for the future. The money isestimated to be gone in less than thirty years, (Sanford), and that is the optimistic number.With the Baby Boomer generation about to retire, the funds will collapse and the peoplewho have given money out of every paycheck they have ever received

Is it Really Necessary to have a Certificate in Order to be a Paralegal?

652 words - 3 pages There has been a issue for years when one hears three words as simple as regulating Paralegal profession .The Supreme Court has been trying to enforce paralegals to be certified in order to call them self paralegals, for years. The real question still at hand is who will benefit from it and who will not. Is it really necessary to have a Certificate in order to be a paralegal if one has performed the job for years without it. What are the

A Troubled Future for America: Health Care and Social Security Reform

1087 words - 4 pages long run, saving and investing is the least expensive solution for Social Security reform. I believe their idea is feasible. However, many Americans might be weary of the program, especially those nearing retirement now. People in there fifties who have not yet taken advantage of a savings program may be scared at the idea of decreased funding from Social Security. Moreover they may feel taken advantage because they had been paying FICA expecting someday to receive that money in return. I personally like the idea although it will take a long time to be in full swing. Self-reliance and frugality are hard qualities to learn, since we have been dependent for so long.

The Social Security is not a Ponzi Scheme

1051 words - 4 pages social security in dire need of reform. Accusations that the Social Security program is a Ponzi Scheme is a hoax, the program itself has maintained goals of adequacy, equity and efficiency. Would a private company be able to institute a retirement insurance program legal and have the equivalence of Social Security? Furthermore, imminent planning to offset the beneficiary ratio needs to be implemented. Ponzi A Ponzi scheme is an investment fraud

Is it really necessary to use gender-neutral language? A short essay discussing the importance of non-sexist language.

550 words - 2 pages Is it really necessary to use gender-neutral language?It is very important to use non-sexist language, even if a person does not have any discriminative intentions at all. Everyone, consciously or not, tends to assign masculine gender to terms, such as "man", even when this word is used for "human beings". "Man", amongst other expressions or grammatical constructions, should be avoided.Every language reflects the prejudices of the society in

Social Security system in the United Sates. The History and what it is like today.

1083 words - 4 pages SOCIAL SECURITY"Social security is a government program that helps workers and retired workers and their families achieve a degree of economic security. Social security, also called social insurance, provides cash payments to help replace income lost as a result of retirement, unemployment, disability, or death" (Haydock, 2002) . In this paper we will take a closer look at The United States Social Security System.The social security in the

Anatomy is Destiny;"Men and Women are Limited by their Biological Differences and the Social and Economic Divisions Between them are Necessary." An enquiry into British society as a Patriacrhy

2361 words - 9 pages This statement is certainly confrontational, is clearly blinkered and appears very ‘Victorian’ in attitude. It definitely has no place in modern society where social and economic equality for all minorities is considered fundamental. The language used is itself confrontational, the use of ‘necessary’ outing the author as something close to a chauvinist functionalist. The first half of the statement does not reflect the

Native American Culture, working with Native American alcoholics. This is really typed up notes but in essay form, perfect for a social work major or someone studying this population.

952 words - 4 pages Cultural Awareness There are many factors that need to be taken into perspective when working with Native American clients. There has been many oppressive factors in the lives of all Native Americans from the time the first settlers came to America and into the present time we are in. There is a general mistrust with European Americans by natives, for many reasons. Beginning in the 16th century, many of the settlers wanted the land that the

An Analysis of the Effectiveness Security Sector Reform Based On the Programs Implemented in Palestine and Colombia

1450 words - 6 pages either a post-war or post-authoritarian society. So this begs an interesting question. How does the Security Sector Reform really contribute to sustainable peace? Is there any evidence that it actually works at all? Based on the programs active in both Colombia and the Palestinian territories, it is evident that the Security Sector Reform has had a very distinct effect on the idea of sustainable peace. There have been many attempts at reforming

Similar Essays

Social Security Reform Essay

2268 words - 9 pages that merits the immediate initiation of reform are the demographic and economic circumstances in the coming century. Even though "forecasting the economy and budget over such a long period is uncertain" there remain many "certainties" regarding problems facing Social Security in the first half of the 21st century (OMB, Budget Perspectives 23). The Federal Government's responsibilities extend well beyond "the five- or six-year window" that has

Social Security Needs Reform Essay

1551 words - 6 pages Social Security tax is paying present retiree benefits; however by the time the 25 year-olds retire there won't be enough money coming in to pay their benefits. The current workers are supporting the current retirees in a pay-as-you-go system. Soon there will not be enough workers to support each retiree. With out reform, Social Security will have to start borrowing money from other sources. These borrowed funds will only add to the current deficit

Essay On Bush's Proposed Social Security Reform.

973 words - 4 pages into private accounts, not only will it grow in value, but also they will have an income sufficient to match cost of living increases. Another aspect is that it will give private citizens the ability to manage their own money instead of the federal government.The topic of Social Security reform fits in with many of the seven major themes of catholic social teaching, including Option for the Poor and Vulnerable, and Call to Family, Community, and

Using Full Body Scanners: Is That Really Necessary?

1566 words - 6 pages Since the terrorism attack happened on September 11th 2001, many countries have realized the significance of this serious security issue, and they have begun to crack down on terrorism, and are actively participating in anti-terrorism cooperation for strengthening national security. Scientists have developed technology and research into high performance safeguards. Some fundamental safety equipment is used at the airports for checking out