Monday, October 17, 2011
Social Security 10/19
Social Security is a problem that even I have addressed in our recent topic essay for class. Social Security is slowly decreasing in many areas and by the article that Dr. Herron has given us to review, you can see the decrease in Social Security Funding by the trustees. Social Security Reform has been started though in the form of a 75 year reform that plans to officially start in the year 2014 or 2015. Is this reform really going to help the current and recurring social security problem. In a time of downturn in the country's economy, it will be tougher for the government and United States as a whole to help the social security funding problem. What will the future look like for social security and how will future generations be taken care of by the suffering retirees and senior citizens today? Reforms are in place by the government and officials across the country. As the year of exhaustion of all funds for social security draws closer and closer, it will be interesting to see how the government reacts by reforms that are put in place for the future and for now. In closing, the struggle for Social Security Reform will be one that is dealt with many decades, but how will this nation react to the changing ways of taxation and government manipulation in the next ten to twenty years?
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I think you pose some really interesting questions. I think the reform COULD be effective, but only if it were not "on a delay" so to speak. Why wait until 2014 or 2015 to start rolling out reform measures? One of the things I said in my post is that Social Security is not adapting quickly enough. Time is of the essence, so speed should be a factor. That's my two cents, but I would love to hear your answers to some of these questions.
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