The Federal Budget- Social Security

In the issue of social security, when the article was written there were two opposing sides which were generally members of congress, and president Bush and his supporters. Those who supported bush took the point of view that the social security system needed to be radically changed. Because the amount of money it gives out is predicted to exceed the amount of money that is collected for it, like Medicare's current condition, they support dramatic changes to reduce benefits or otherwise diminish the program's output. Bush supported allowing Americans to divert their social security to private investment accounts, but Congress rejected the idea. Others wanted to reduce the program so it would only benefit those deeply in need, and claim that it was never ment to become a nation wide retirement program. Critics say that doing so would undermine the positive effects that social security is having on our econmy and would result economic growth. They say it should be changed in a minor way such as changing the earings that can be taxed for social security (currently $90,000) or gradually raising the retirement age. Both agree that something needs to be done to fix social security

I personally think that social security is an important matter. It is important to tax the wealthy end so that the middle and low wage earners will have enough to retire, since they make much less and will have difficulty paying for retirement and shortcomings, especially in an economically low time. I think we should elimante tax breaks for the high end and thus have extra money for the low end. Also, it may be mandatory to raise the retirement age, considering the fact that the economy is doing poorly and we have fallen behind somewhat in terms of technology and education. We will have to work harder if we want to catch up with the rest of the world and get out of debt. If you want to learn more about this sort of point of view and why I choose it, look up the Democratic Strategis @ Politics1.com

Issue 1, War debt:
http://alexscurrenteventsblog.blogspot.com/2011/02/issue-1-war-dollars.html

Issue 2, Spending what we can afford:
http://earlyushistoryblog.blogspot.com/2011/02/spending-what-we-can-afford.html