| |
| |
|
Politics Information |
|
|
|
Social Security Rant
As the Baby Boomer Generation continue to get older, one of the hot topics will continue to be Social Security. Critics claim that Social Security is going bankrupt, and that it needs to be privatized as soon as possible, or people will lose their benefits. This rant examines if Social Security needs to be privatized, and if it is actually going broke. Thanks to various search engines, and thanks to the Information Superhighway, there is much data to suggest that Social Security-even at the going rate-will be able to pay full benefits at least until 2032, and some research indicates it could survive as long as 2042. Also, seventy-five percent of Social Security funding comes from the payroll tax, which guarantees that Social Security will never go broke. The trick is-in about thirty or forty years, to come up with a system to make up the other twenty-five percent. Those who like to crunch numbers, and those who are familiar with the mathematical formula claim that a raise in the payroll tax by two percent-one percent by the employer, and one percent by the employee, will guarantee the survival of Social Security until the Second Coming. Analysts like to stress the fact that a tax increase-no matter how meager it may or may not be, is not the only solution. With the advancement of technology and medical science, people are living longer than they ever have before. Also, various amounts of disease have been quelled. About ninety years ago, the number one killer in the world was Spanish Influenza. Today, the flu is no longer a serious threat. Also, polio used to be a scourge on society, but these days, that disease has been virtually eradicated off the face of the planet. Thus, it makes sense that the retirement age will-and should-be raised to about 70. Actually, seventy years of age is not old. In fact, it is about the average age, in this country, and well below the average in many industrialized nations in the world. Of course claiming that Social Security is under-funded is not telling the whole story. Let us look at the facts. So far, on this war on terror, the United States has spent over 300 billion dollars. If that amount is divided by the present population, that equals to about a thousand dollars for every man, woman, and child in the country. Also, do not forget about the hundreds of millions of dollars that "loaned" to other countries in the world. Instead of saying, "Social Security is going broke because of the population", the correct statement should be, "the president believes that there are more important things to spend money on rather than insuring that benefits will be around for years to come." Whenever Social Security Reform is mentioned, there are always a select few that love to clamor that the system should be privatized. Statistically we know that people spend more than they save. If Social Security should be privatized, what about the millions of people that do not have a bank account? Should those people automatically receive an account? And who is going to make sure that these people get an account--the federal government? That would defeat the purpose of privatizing Social Security in the first place. It's kind of like saying, "let's fix our brakes so we can take the car to the mechanic so he can fix the brakes." I could do a lot of research and list a lot of data and list a lot of references, or I could use history and common sense to prove that Social Security should never be put in the hands of a private institution. It is certainly true that there have been many government scandals that have cost the taxpayer billions throughout the history of this country. The failure of the Savings and Loans is one example, and the list is quite lengthy. Also, there have been many scandals in the private realm that has wiped out the life savings of countless people. Enron is just one example in a list that I am sure is exhaustive. Thus, the conclusion is that history shows that it government bureaucracy is safer than the private realm, thus leave Social Security alone. I love debating history and politics. I have two college degrees in those fields. I am glad I have a chance to share some of my thoughts with the rest of the world. Please visit my site today.
MORE RESOURCES:
Politics - Google News |
|
|
|
RELATED ARTICLES
Sarbanes-Oxley Reality Check on Bureaucracy There is no doubt in hindsight that Sarbanes Oxley was a mistake as we watch the blob of bureaucracy move into the private sector. There is no doubt that Sarbanes Oxley's real costs have been passed onto the consumer and citizen like a giant tax increase of Boston Tea proportions. Emminent Domain May Hit Close to Home IN A DAY AND AGE where one voice screaming among thousands can have Christian monuments removed from public buildings and development projects shut down for the benefit of an endangered weed, we have the Supreme Court issuing a ruling in June to set the record straight for the majority. However, this ruling comes at the dismay of individual landowners across America, and threatens to further undermine the American privilege of individual ownership. How Does the US Congress Really Work? Many people do not understand politics very well. They often blast their Congress Person for this, that and the other thing. RFID: Californias Identity Information Protection Act Utah introduced a bill designed to limit the use of RFID by state and county government. It was voted down. US Trade Deficit with Bordering Neighbors The trade deficit with Canada is now 50 Billion per year. The amount of money sent back Mexico each week from migrant labor and/or illegal aliens is estimated at 8 billion per week. Jihad Will Continue The Jihad against the Western World will continue. It will also continue against the Eastern World next. Competition Laws A. THE PHILOSOPHY OF COMPETITIONThe aims of competition (anti-trust) laws are to ensure that consumers pay the lowest possible price (=the most efficient price) coupled with the highest quality of the goods and services which they consume. Kudos For Monsanto Company I applaud Monsanto for their R and D. I would like to meet the head R and D man there and shake his hand for his drive and stick-to-it-ness to find solutions to feed the world. Iranian Elections and Boiling Points The Iranian elections are certainly interesting indeed. The ruling party is doing their utmost to block satellite TV downloads which might not be positive to their rulers. Pierre Dupont de Nemours After arranging the Armistice that ended or settled outstanding issues after the Revolutionary War Pierre Dupont de Nemours came to join the Royals including the Hapsburgs who were living near Jefferson and other esoteric Merovingians in and around Delaware. He and his family became important armaments manufacturers and it is reasonable to remember what Eisenhower said in his Military-Industrial Complex speech. Carl Rove and the Case of Sour Grapes The Carl Rove issue is definitely interesting and distracting. The Country is not served by this controversy we have important discussions to debate to insure the forward progression of our civilization. Mental Masturbation of FTC Franchise Rule Report Please read through this quick thought and discussion as if a conversation where one party has been taken out and we are left with a monologue as the other debater is missing. Assume that debater is the compilation of arguments presented and only existing in the 432 page, 10-year late report of the Federal Trade Commission' Franchise Rule, for it does not exist in reality or in any way lend itself to any sort of modern day economic theory of free markets, free men, the rights of men and created corporate entities to free contract. Gasoline Prices Going Through the Roof OH MAN!Here we go again. I guess now the "proof is in the pudding" and it is time for us to face reality. MAURITANIA: Celebrating Tayas Ouster? Musical Chairs No Longer Fashionable In Africa A few hours ago, Colonel Ely Ould Mohamed Vall, the National Director of Security of Mauritania, launched himself into power and shut his boss, President Maaoya Taya, out of Nouakchott.This action, brought the 21-year rule of Taya to a dramatic and calculated end, in this 3 million peopled desert of the Islamic Republic of Mauritania. New York Lawyers; Vindictive Government Prosecutors We all know Elliot Spitzer is going to run for governor. We can see he is very vindictive in his endeavors. Elliot Spitzer for NY Governor I believe it would be good for the economy for Elliot Spitzer to be the governor of New York. It would be the best thing that ever happened to the economic well being of our nation. UK Elections on the Horizon With elections on the horizon and Blair looking tired and increasingly defensive, just what is likely outcome of the next election? The New Labour adoption of Tory plans and policies has created an almost parallel party in terms of the Conservatives and Labour. Many people are confused and find it hard to tell them apart. Nurturing Global Disequilibrium This brings to our consciousness, issues concerning the ever rising level of inequality prevalent in our times with its attendant fallout and imbalance within our global system.This has had its roots within the basic units of human co-existence experienced at our different localities and as such has naturally extended beyond, to a multi-level of inter-relationships across national boundaries. The Morality of Using Stem Cells One third of all fertilized eggs spontaneously abort and are expelled from a woman's body. We do not have funerals or mourn these embryos. Iran is Escalating the Conflict Iran has threatened to raise America's fuel prices again. They have said they will most likely comply with the nuclear weapons productions, but are quite spiteful with regards to a different attack on American Soil.
|
| home | site map |
| © 2006 |
