Social Security Then and Now. Bruce Bartlett.
by Bartlett, Bruce; ProQuest Information and Learning Company.
Series: SIRS Enduring Issues 2006Article 27Global Issues. Publisher: Commentary, 2005ISSN: 1522-3221;.Subject(s): Individual retirement accounts | Old age pensions | Social security | Social security -- Forecasting | Social security -- History | U.S. Congressional Budget OfficeDDC classification: 050 Summary: "By all accounts, Social Security is the most successful domestic government program in American history. This year [2005], more than $500 billion will be relatively costlessly taken from the pockets of American workers and transferred to those living in retirement. As a consequence of this program, the poverty rate among the elderly has fallen sharply over the last 65 years, and young people have largely been relieved of the burdensome responsibility of caring for their parents and grandparents in old age. Yet, as almost everyone agrees, this model program is itself showing signs of old age. By 2018, revenues from Social Security taxes will no longer be sufficient to pay Social Security benefits." (COMMENTARY) This article examines the Social Security system and notes that "the President has decided to make reform of this system a centerpiece of his second-term agenda."| Item type | Current location | Call number | Status | Date due |
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High School - old - to delete | REF SIRS 2006 Global Issues Article 27 (Browse shelf) | Available |
Articles Contained in SIRS Enduring Issues 2006.
Originally Published: Social Security Then and Now, March 2005; pp. 52-56.
"By all accounts, Social Security is the most successful domestic government program in American history. This year [2005], more than $500 billion will be relatively costlessly taken from the pockets of American workers and transferred to those living in retirement. As a consequence of this program, the poverty rate among the elderly has fallen sharply over the last 65 years, and young people have largely been relieved of the burdensome responsibility of caring for their parents and grandparents in old age. Yet, as almost everyone agrees, this model program is itself showing signs of old age. By 2018, revenues from Social Security taxes will no longer be sufficient to pay Social Security benefits." (COMMENTARY) This article examines the Social Security system and notes that "the President has decided to make reform of this system a centerpiece of his second-term agenda."
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