Saturday, February 26, 2005

Social Security

What is the future of social security and how will this effect the economy? "President Bush is trying to persuade Congress that a plan that would include allowing workers to divert some of their payroll taxes into private investment accounts is necessary to shore up the Social Security system against financial strains from a looming surge in retirees." While this plan may seem ideal, it is highly unrealistic. The reports show the president is not backed by many democrats and republicans. Many argue the system is so flawed that it is doomed, and the president's plan is just going to drag out the inevitable outcome...The end to the social security system as we know it. The issue of social security needs to be addressed, but the President is going about in in the wrong approach. The system needs to be reworked to ensure its survival not add to its destruction.
What do you think? How or can Social Security be saved?

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