Social Security is an entitlement and a program of the United States that was established as a way to fight poverty following the Great Depression. It has, in fact, been quite successful in lowering the poverty rate from the 1930s to today. After retirement, individuals who earn lower wages generally receive a higher percentage of benefits from their Social Security package than those who earn higher wages. Social Security is contributing greatly to the national debt because of its money problems and the possibility of going bankrupt. The major problem that the Social Security program now faces is that it will soon be taking in less money than it will be spending. Should Social Security continue to exist in the United States or should the program be eliminated?
I think that Social Security should continue to exist in our country. The risk of bankruptcy is present, but with some changes, it could be possible to eliminate the problems that the program is presently facing. Social Security has been successful so far in decreasing the prevalence of poverty, and hopefully it will continue to do so if the program is kept. I also don't believe that retirement should become privatized. This is a program that really should continue to exist. Like any other problem, individuals in power simply need to think of ways to solve it, as well as the many other problems contributing to the United States' growing national debt.
See this article for an idea of what President Obama's opinion is.
Issue #2 - Spending What We Can Afford
Issue #1 - War Dollars
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