US Social security crisis
Date Submitted: 02/13/2004 14:09:23
Category: / Law & Government / Government & Politics
Length: 1 pages (402 words)
Category: / Law & Government / Government & Politics
Length: 1 pages (402 words)
The Presidential election will be coming up this November and the question that many of Americans have on their mind is what are you going to about the Social Security crisis? This question has our nation divided between generations. The elder people of our nation (ages 50 and up) fell confident that Social Security will be there for them and that it should be left alone. On the other hand the Baby Boomers (ages 31-49) and …
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…less for each retiree. By the year 2010-2015 Social Security is projected by the government to pay out more money than it could take in. Since the current Social Security took in a surplus of $60 billion last year with a projected total to be around $5 trillion they will have enough money to last another 10 years or so. All in all experts expect that Social Security will have spent every penny it has by the year 2030
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