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social security

Since the Second New Deal and the Social Security Act of 1935 the elderly and

disabled of the United States have relied upon their monthly checks from the government

to survive. However, from its inception the Social Security system has been plagued with

numerous problems. Out of all the problems that have enveloped the system. There are

only two that have seriously threaten the existence of the entire Social Security system.

The first problem that jeopardized the existence of the system was in 1937 when there was

a movement in the courts to declare the actions and creation of the system as being

unconstitutional. This movement to prevent the establishment of the Social Security

system never reached the Supreme Court. The second and most recent problem to face the

system is by far the greatest threat ever to the existence of the system. This new threat is

one that has been perpetuated by the inability of the system to solve the problem. The

problem that is at hand today is that the Social Security system will not be able to pay its

recipients their deserved funds. This problem was created by the fact that longevity has

increased and that in the next 5 to 10 years the baby boomers will become eligibl


is low. The returns that the recipients get from the system enable them to live a

amount of money. This change could undermine the stable benefits that the people receive

the system. Currently many Americans invest their money for retirement. This is great but

These are just two examples of proposed reforms with which I disagree with. There are

economic growth, reduced unemployment and low inflation, the long-range solvency

I feel that the retirement age should be change to 70 years of age. This change can also be



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Approximate Word count = 1191
Approximate Pages = 5 (250 words per page double spaced)


  

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