The main priority of the federal budget is to plan how they will spend money for each federal program. One of these federal programs, social security, is the largest and most expensive federal program. Social Security was established to fight poverty and serves retired, disabled workers, families of deceased workers, and children. This is paid by money taken out of today's workers pay checks. Since 1983 the federal government has been using the extra tax money for benefits. The disadvantage to this is that more money will be spent on social security benefits than income taxes. Another program that is skyrocketing is Medicare. It is currently spending more than it takes in. It is a program for people over 65 and the disabled for hospital benefits. Since the number of retirees is increasing, they estimate that the fund will be gone by 2019. Some people believe that a change needs to occur and others believe that the system will keep going without change. The people who believe there needs to be a change say that the program is offering retiree's more than what it can afford to give. They believe that private investments should be offered as well as minimum benefits for everyone. The other view states that the social security program has become a well known program for retiree's and should stay like that. They believe that the people who enter the program pay and in return should receive benefits.
I stand in firm belief that America needs to make a major change in the program of social security. Social security was not intended for a retiree's program, but instead to decrease poverty. Over the years it has become a benefit dealer and by 2017 the federal government will be spending more on these benefits than it receives in income taxes, which pay for the benefits of social security. Changes must occur in order to save the program, like cutting back benefits and giving to Americans only in desperate need. Back in 2005, President Bush did promote an idea that Americans could have the option of diverting their social security payroll to private investments so they would be promised benefits. Citizens and legislatures rejected the idea and the idea was not played out.
The War on Iraq
http://bigsteveblog.blogspot.com/
Pay As You Go
http://thevoiceoftim.blogspot.com/2009/10/issue-2-spending-what-we-can-afford.html
I stand in firm belief that America needs to make a major change in the program of social security. Social security was not intended for a retiree's program, but instead to decrease poverty. Over the years it has become a benefit dealer and by 2017 the federal government will be spending more on these benefits than it receives in income taxes, which pay for the benefits of social security. Changes must occur in order to save the program, like cutting back benefits and giving to Americans only in desperate need. Back in 2005, President Bush did promote an idea that Americans could have the option of diverting their social security payroll to private investments so they would be promised benefits. Citizens and legislatures rejected the idea and the idea was not played out.
The War on Iraq
http://bigsteveblog.blogspot.com/
Pay As You Go
http://thevoiceoftim.blogspot.com/2009/10/issue-2-spending-what-we-can-afford.html
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