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Argumentative Essay On Social Security Reform

1871 Words8 Pages

The trust fund that pays Social Security benefits to 61 million Americans is projected to be depleted by 2034. Unless the United States government soon intervenes, social security finances will gradually fall to a dearth of funds. As the baby boomers continue to reach the Social Security drawing age, and begin to make use of available funds, the last of the current systems money will dwindle down to nothing. Taking away future generations rights to social security. Politicians have previously mentioned plans for reform, but so far, no serious action has been taken to help prevent the depletion of funds. The government needs to take action on Social Security as soon as possible. A severe reform is needed to undo the damage that has been caused by politicians and government officials sitting back and watching the system fall apart and funds dwindle down to nothing. Both …show more content…

Roosevelt in 1935. (SSA) The U.S. was in the beginning stages of recovery from the Great Depression. Millions of citizens were still looking for work, and there was great concern for the elderly and retired Americans who had lost everything. The Social Security Administration stated, “the program was intended to be, and still is today, a social insurance program.” (SSA) It's a government run program providing economic security to U.S. citizens. Originally, the SSA received funds in lump sums from Americans. In 1940 a monthly payment system was put into place. Workers would have money taken out of their paychecks each month to pay for the retirement and other benefits they'd need in the future. Over the years, the Act has been amended in several ways, but the basic principles remain the same. (SSA) Under today's Social Security Act, the SSA still manages the program, workers still make monthly contributions from their paychecks, and monthly payments are still made to those who are eligible for the following

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