Sunday, October 11, 2009
Social Insecurity
Social Security is a very large and very complex federal system that gives benefits to many people who are in different forms of need. Beneficiaries of Social Security can include retirees, disabled workers and families of deceased workers. Medicare is a branch of the Social Security system that helps with things like paying for nursing care and medical services to the elderly and disabled. But as of recently, extra money from Social Security has been used to for other programs and has not been paid back. As well as the number of people becoming eligible for Social Security benefits are increasing faster than the number of people joining into the workforce. For the benefits of Social Security to be continually eligible to everyone, the government would have to repay all the borrowed money.
Social Security is a socialist concept that in its current state is very likely not to succeed. It was originally intended for the benefit of retired Americans, but with the significantly larger amount of workers from the baby-boomer generation now becoming eligible, there is no way that the rate of birth for this generations new workers to compete with the rate of oncoming retirees. It is with this that is evidently clear that Social Security is very vulnerable to failing.
One political figure with a similar view: Rush Limbaugh
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