Social security is a system designed to help all those in need while also securing a financial blanket for the elderly. This financial blanket was put into place to allow elders who have worked all their lives get a set amount of benefits so that they can retire and enjoy the rest of their lives. “Social Security was one of the great moral successes of the 20th century by providing a critical foundation of income for retired and disabled workers” (President Bush). Every individual who works a full time or even a part time job will give into the Social Security fund in which case later on in their lives will benefit them greatly because they will have money to fall back on when they want to retire and enjoy live and their families. The Benefits of this program are far too great to allow it to go under and fail, it helps save too many people on a daily basis. Economists are going to have their hands full trying to work and fix the upcoming problem with Social …show more content…
With this four step approach the government has to effectively follow through on these steps that have been laid out. By using this four step method this will potentially be able to get money following back through the Social Security system in order to save the money people have been working all their lives to gain. Another way of helping or fixing the problem with social security can be to move up the age of retirement. With this solution the age to retire would go up to 75 from the current 65. This would help the program by allowing for more working citizens to be paying more into the program which is one of the major issues that threatens the program. This would also help because now not only more citizens would be paying for social security but they would be paying for a longer period of time. This longer period of time although it will be harder for older citizens to get jobs until they are 75 it will be helpful to Social Security in the long run because it will give 10 extra years of Social Security taxes into the program which is desperately needed at this time. With any of these