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Should we privatize social security benefits?

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Written by:

Albert N


Date added:

March 4, 2016








No of pages / words:

3 / 826


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9309 times


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The current United States Social Security System is a pay-as-you-go program. The revenue that the federal government raises each year for social security benefits is paid out that same year to beneficiaries. Social insurance is an essential feature to guaranty a minimum standard of living to all citizens, but the current system has also some flaws that are indispensable to repair...
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In 2005 president Bush raised awareness of the critical situation of the United States social security system. “Social Security is sound for today’s seniors and for those nearing retirement, but it needs to be fixed for younger workers – our children and grandchildren. The government has made promises it cannot afford to pay for with the current pay-as-you-go system” the US president stated...
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