Issue #3 Social Security System

This is issue #3 in a series of issues, to view a blog on Issue #1 follow this link, for issue #2 follow this link.

The Social Security System is becoming a very debated topic as the average age of Americans continues to age, along with the retirement of the “baby boomers”.  The Social Security System is an entitlement program, meaning that if the government fails to put adequate sums into the system then they are breaking the law.  With a soaring National Debt the government is having a hard time not breaking the law with the Social Security System.  Soon, in order to keep up with the increase of retirees, the Social Security System will be spending more money than it takes in, causing many people to say its time for a change.

I have to agree with those people that are calling for a radical change in the system.  I don’t see how a system that is so quickly going into debt can be shored up by a few quick fix changes.  The American population is getting older, therefore more money will be given out through the system.  With one in four Americans being eligible for Social Security benefits soon, and only a third of the actually employed American population will be paying for those benefits.  The working force of America would be hard pressed to pay for a fourth of Americans Social Security benefits, not to mention all the other government spending.  The Young America’s Foundation agrees with my thoughts on what needs to be done with the Social Security System.