We use cookies to give you the best experience possible. By continuing we’ll assume you’re on board with our cookie policy

Social Security with Baby Boomers Essay

Social SecurityThe problem within Social Security is that the ratio of workers paying Social Security taxes to retirees receiving the benefits is getting worse. There were 16. 5 workers for each Social Security recipient in 1950. Today there are only 3.

2 workers per recipient of Social Security. According to the Social Security Legislative Bulletin, According to current projections, in 2030 there will be fewer than 2 workers per recipient. There are various strategies for changing the Social Security System. One way, according to an article title Social Security or Social Insecurity, is to increase employment. It states that We must allow additional Employment Based immigration of young, professional college educated workers who, through their employer contributions will continue to support Social Security.

We will write a custom essay on Social Security with Baby Boomers specifically for you
for only $16.38 $13.9/page

Order now

One strategy is to triple the number of employment based immigrants, primarily increasing the number of higher earning priority workers and professionals. They will require that sponsors of new immigrants demonstrate incomes of at least twice the current poverty level, and eliminate loopholes, which allow illegal immigrants to remain in the U. S. I feel that the trust fund is only a fraud used to mask the size of the federal deficit. Any surpluses are spent immediately on other federal programs. Now the Baby Boomers have to depend on the taxpayers, not the fund.

Come 2020, Congress will have to raise taxes to pay off the loans. (N. Y Times, March 1991) I think that the government definitely has to stop the borrowing of the money to pay for the budget deficit. I feel that the Social Security would be fine if the government would stop borrowing the money.Business

Choose Type of service

Choose writer quality

Page count

1 page 275 words

Deadline

Order Essay Writing

$13.9 Order Now
icon Get your custom essay sample
icon
Sara from Artscolumbia

Hi there, would you like to get such an essay? How about receiving a customized one?
Check it out goo.gl/Crty7Tt

Social Security with Baby Boomers Essay
Artscolumbia
Artscolumbia
Social SecurityThe problem within Social Security is that the ratio of workers paying Social Security taxes to retirees receiving the benefits is getting worse. There were 16. 5 workers for each Social Security recipient in 1950. Today there are only 3.2 workers per recipient of Social Security. According to the Social Security Legislative Bulletin, According to current projections, in 2030 there will be fewer than 2 workers per recipient. There are various strategies for changing t
2021-07-13 12:27:47
Social Security with Baby Boomers Essay
$ 13.900 2018-12-31
artscolumbia.org
In stock
Rated 5/5 based on 1 customer reviews