For many of Americans Social Security is their primary retirement money. It serves 47 million men, women, and children and is the main income for a majority of older and retired Americans. Since 1983, the amount of taxes taken in has exceeded the amount of money needed to pay benefits, and the extra money is given to pay for other programs and they write IOU's to the Social Security Trust Fund. However, more Americans are approaching retirement and by 2017 the government will be spending more on Social Security than it receives from income payroll taxes. There are some ideas of how to fix this problem; president Bush proposed a including private investment accounts. But others say that less dramatic adjustments will keep the system strong.I believe Social Security needs to stay because if we don't keep it around people will be working till they die. Also I think it would be unfair for younger adults who put money into social security and get taxes taken out of their paychecks for what thy think will be their when they retire, but in reality they will never see it again. I think we could do it by less dramatic ways too, like by rising the cap. By rising the cap (which is currently at $90,000) it would create more money flowing into the Fund and make it last longer for the future retirees, but it will come with a cost because we will have to raise taxes. Washington Senate Sherrod Brown also agrees with raising the cap. "I'm for lifting the cap, it would make social security solvent for years to come" said Brown. He thinks that we need to keep social security strong in America, and I agree with Sherrod Brown.
Issue #1-War Dollars
http://roseyerickson.blogspot.com/2011/02/war-dollars.html
Issue #2-Spending what you can afford
http://kristens24.blogspot.com/2011/02/spending-what-we-can-afford.html
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