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Understanding Social Security: Function, History, and Current Challenges in the U.S.

Social Security is a government program aimed at providing basic economic security for individuals and their dependents. As an essential safety net, it has a rich history but is currently facing significant challenges due to demographic changes. In recent years, payouts have exceeded contributions, raising concerns about its sustainability. Opinions on Social Security vary, with debates surrounding its fairness and effectiveness. This article explores the complexities of Social Security, including proposed reforms and the viewpoints of political leaders on its future viability.

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Understanding Social Security: Function, History, and Current Challenges in the U.S.

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  1. Social Security By Erik Hotaling

  2. What is it? social security, government program designed to provide for the basic economic security and welfare of individuals and their dependents

  3. History

  4. Current State http://www.google.com/imgres?q=age+pyramid+for+america+2011&um=1&hl=en&safe=active&tbm=isch&tbnid=RU_eO0JXz0gXaM:&imgrefurl=http://maxedoutmama.blogspot.com/2011_04_01_archive.html&docid=UwRVAZLZWsvPFM&w=618&h=400&ei=lgdyTu-9Ncjf0QH9t4DrCQ&zoom=1&iact=hc&vpx=168&vpy=300&dur=5455&hovh=181&hovw=279&tx=93&ty=96&page=1&tbnh=115&tbnw=178&start=0&ndsp=30&ved=1t:429,r:6,s:0&biw=1280&bih=918 Because of our current age demographic Social security is failing and will only get worse In 2010 the system paid out more than it received

  5. opposing viewpoints Yes Gives poor people a chance to retire Everyone has a stake in the U.S economy Supports families who lost providers

  6. opposing viewpoints No Doesn’t benefit everyone fairly Is loosing money Funds could be used better in other places

  7. Obama/Democratic http://www.google.com/imgres?q=obama+hope&um=1&hl=en&safe=active&tbm=isch&tbnid=tqnCX2stSFFWiM:&imgrefurl=http://obeygiant.com/headlines/obama-hope&docid=CXcRUIFfPT-lRM&w=500&h=752&ei=8hFyTuXoK4fh0QGfjIW1Cg&zoom=1&iact=hc&vpx=177&vpy=220&dur=47&hovh=275&hovw=183&tx=89&ty=150&page=1&tbnh=152&tbnw=101&start=0&ndsp=34&ved=1t:429,r:0,s:0&biw=1280&bih=918 Obama has proposed increasing the payroll tax on the wealthy and increasing the retirement age Was shut down in congress

  8. Republican Party http://www.gopstore.com/cgi-bin/rnc/SN101.html?id=erFrS3ra Republicans agree that Social security is flawed and needs to be changed

  9. Mit Romney http://www.bing.com/images/search?q=mitt+romney&view=detail&id=8ECC474F20E9249E2ABF56C6CD6976750F63BB5C&first=0&FORM=IDFRIR Mitt Romney is in favor of keeping social security He wants to adapt the system to make it financially viable.

  10. Rick Perry http://www.bing.com/images/search?q=rick+perry&view=detail&id=10095C52AE4AC14A22C4EB60F535FB7B2DB3147E&first=0&qpvt=rick+perry&FORM=IDFRIR Called Social Security “a ponzi scheme” Wants to completely eliminate Social security

  11. Michele Bachmann http://www.bing.com/images/search?q=michele+bachmann&view=detail&id=40599B4B13F45ECE98368B827ABCD67119897C62&first=0&FORM=IDFRIR Called Social Security a tremendous fraud

  12. Bibliography "Social Security." Nytimes.com. New York Times. Web. 16 Sept. 2011. <http://topics.nytimes.com/top/reference/timestopics/subjects/s/social_security_us/index.html?scp=1-spot&sq=social%20security&st=cse>. "Michele Bachmann In 2010: Social Security Is “A Tremendous Fraud”." Outside The Beltway | OTB | Online Journal of Politics and Foreign Affairs. Web. 16 Sept. 2011. <http://www.outsidethebeltway.com/michele-bachmann-in-2010-social-security-is-a-tremendous-fraud/>. "Seniors & Social Security." The White House. Web. 16 Sept. 2011. <http://www.whitehouse.gov/issues/seniors-and-social-security>. "BalancedPolitics.org - Social Security Private Accounts (Pros & Cons, Arguments For and Against, Advantages & Disadvantages, Bush Plan)." BalancedPolitics.org - Free Balanced, Non-Partisan Discussion of Political & Social Issues for Debate (Pros and Cons - Decision Making Politics). Web. 16 Sept. 2011. <http://www.balancedpolitics.org/social_security_private_accounts.htm>.

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