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 eligible for.

             Social Security. What is unique about the problem is that the system¹s funds will not be.

             completely depleted until the year 2029 . The problem of depleted funds in the system is.

             created because the system is unable to adjust to the change in life style and cost of living.

             Thus the system over time will not take in enough money or give out enough to support.

             the recipient with the proper funds to survive. However as a result of a period of healthy.

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

             predictions about the Social Security system have improved over the past year, according.

             to the Social Security Board of Trustees . The robust economy we are currently enjoying.

             and the enactment of the Balanced Budget Act support this statement.