Social Security, the federal program providing income security for retirees, the disabled, and their survivors, is one of the most effective government programs in U.S. history. Unfortunately, it's also in trouble and no consensus has emerged, either in Washington or among the public at large, on what approach the nation should take to fix it. The good news, however, is that Social Security reform is more "doable", in that there is more potential for bipartisan consensus than on reforms of health care or tax policy.

Read More »

Choice 1: Maintain Our Commitments Through A Combination Of Benefit Cuts And Tax Increases

Our government should keep Social Security intact so that all Americans can have a stable retirement. Even if it requires raising taxes significantly, or slashing spending on other government programs, the promise of income security in retirement years for every American must be honored. It is immoral and unthinkable to arbitrarily reduce benefits to older Americans because of the financial pressures created by the size of the baby boom generation. Many experts see restoring solvency to Social Security as a fairly simple math problem, in which a combination of small tax increases, benefit cuts, and increases in the retirement age could preserve the program as it is.

Choice in detail Pros and Cons Discuss this choicework

Choice 2: Make Social Security Affordable By Focusing On Those Who Need It Most

To avoid difficult choices in years ahead, hikes in taxes and reductions in other government programs, we must start to think of Social Security in new ways. 

Most importantly, we should change Social Security’s retirement benefits from a universal program that every worker is entitled to when he or she reaches a certain age, to a targeted one for people who would otherwise be living in poverty during old age. In other words, the program should be reserved for lower income people who would not otherwise be able to live securely in later life without it. Social Security should not provide extra income to those who are fortunate enough to be relatively well-off and who are able to fund their own retirement. 



Choice in detail Pros and Cons Discuss this choicework

Choice 3: Make Retirement Security More Of A Personal Responsibility

We need a dramatic rethinking of Social Security. Americans -- whose savings rates had fallen to zero before the current financial crisis, and many of whom are plagued by personal debt – need to save more for retirement and for other lifetime needs. We need a system of mandatory personal savings accounts, which make individuals much more responsible for their own financial security, even though Social Security would be retained to provide some benefits. Personal savings accounts either could wholly or partially replace the current system, putting responsibility for retirement security where it should be, on each of us individually.

True, some people would make out better than others under this plan, because some people are better savers and investors than others. But if they do their homework and invest prudently, they ought to be able to retire in an acceptable fashion.


Choice in detail Pros and Cons Discuss this choicework
тут красногорская телефонная база mobile phone справочник телефонов северодонецк ссылка справочник spymobile does it work база справочник сотовых телефонов онлайн на сайте whatsapp spy que funcione найти по адресу телефон уфа мобильный справочник беларусь телефонная база мобильный на сайте how not to cheat on your wife приложение смс перехватчик mobile phone surveillance android справочник телефонов серпухов справочник мгтс телефон по адресу how to Дженерик Виагра блог дженерик сиалис купить Дапоксетин блог sitemap