Social Sec Term paper
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Our American society values hard work and assumes lower and middle class workers can retire with confidence. Our Western culture respects the maturity of elders and wishes to provide for them. Our capitalistic economic principles strive to maximize competition and efficiency. Our democratic political system guides politicians to please constituents while making the best policy decisions for the entire country. A true American crisis is one that plunges these ideals into conflict. Because this issue threatens economic standards, societal mores, and political objectives, I feel that Social Security reform is the most important domestic issue facing my generation.
Economically, Social Security is a flawed concept. Nearly all of my peers assume that Social Security is like a savings account, money they give now is set aside for them when they retire. Unfortunately, the truth is that taxes from today's young workers cover benefits for today s retirees. The money for the federal Social Security system goes out as quickly as it comes in....
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