social security David Klug Econ. 100 In 1935 the United States was in the throws of the worst economic depression our country had ever seen. The death chair at the time was Franklin Roosevelt. As part of Roosevelts New push-down storage, he instituted loving Security, which established an old-age pension system, to be administered by the federal government, and financed by taxes on both employers and employees. This system was to assist the older citizens and dependents of workers of the U.S. However, since its inception, favorable Security has been turned into a hiding plan of sorts.
Many retired and older citizens rely solely on cordial Security benefits to live on. The program has been successful for the fit 64 socio-economic classs, but in the near future social Security might run out unless some forceful measures are taken to preserve it. The program will be collecting less than it is paying out by the course 2012 and be insolvent by 2030. Something must be done. Social Security has b...If you want to get a full essay, order it on our website:
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