History of Social Security Essay -- Government Economy Economics Essay

fib of cordial protective coverIs it time to privatize tender surety? umteen believe the brass lead not be able to go out all its obligations by the year 2012. They say friendly Security will begin take overing out more in benefits than it collects in revenue. To await meeting its obligations, the dust will have to begin drawing on the surplus in the loving Security Trust Fund. However, for many long time the federal government has used the trust to disguise the actual size of the federal budget deficit, borrowing money from the trust fund to pay current operating expenses and replacing the money with government bonds, essentially an IOU. Proponents for privatizing Social Security people should be allowed the freedom to invest their Social Security taxes. On the other hand contrary to the beliefs of many, there is a unassailable case to be made that Social Security is sound now and will continue to be sound indefinitely. The major threat to the system comes from the proposals to fix it. Privatization presents perhaps the most serious threat to date it would move into individuals retirement savings at considerable risk, force the creation of massive government bureaucracies, and leech Social Security assets out of the system and into the coffers of brokerage and banks.In my research paper I will focus on both arguments of Social Security. Those who believe Social Security should be privatized and those who believe it would be a big mistake to privatize Social Security. in front I go into those perspectives I will focus on the source of the Social Security System, to give the reader background information on how the system developed.The creation of a national social security system in the United States started with the Social Security Act on ... ... BIBLIOGRAPHYBaker, Dean.Privatizing Social Security The Wall Street Fix. http//epn.org/epi/epib112.htmlKotlikoff, Laurence.Rescuing Social Securtiy. Challenge Nov/ fall 1996 22-26Lieberman, Tru dy. Social Insecurity The Campaign to take the System Private. The Nation 20 Jan 1997 11-18Mashaw, Jerry. The Great Social Security Scare. http//epn.org/prospect/29/29mash.htmlSchnepper A.Jeff.Privatizing Social Security.USA Today May 1996 25-28Tanner, Micheal. Privatizing Social Security The Social Security Debate. Challenge Nov/Dec. 1996 19-23Tanner, Micheal. Privatizing Social Security A Big Boost for the Poor. http//cato.org/pubs/ssps/ssp4.htmlWasow, Bernard. Privatizing Social Security. http//epn.org/tcf/xxssec01.htmlWeinberger,Mark.Social Security Facing the Facts. http//cato.org/pubs/ssps/ssp3.html