Policy Brief: Social Security Reform Essay

Sample Essay

Words 2,353


President Bush recognizes that reforming Social Security will not be easy. But he trusts that if we approach this debate with courage and honesty, we will thrive. Our children’s retirement security is more vital than partisan politics. (White House)Current projections suggest that in the absence of some policy changes, the Social Security trust fund will be exhausted in about 2038 (Board of Trustees, 2001). Based on these forecasts as well as related projections about the graying of the nation’s age structure (Congressional Budget Office, 2001), many analysts have disagreed that we are facing a crisis that will require major structural changes in Social Security. The most contentious of the proposed changes is the call for the introduction of funded individual accounts, also present as the “partial privatization” of Social Security. Some advocates of partial privatization see the addition of individual accounts as the end purpose. Others see this addition as a first step toward eventual full privatization (Ferrara and Tanner, 1998; Peterson, 1999).

In what would be one of the boldest actions for reshaping the function of the federal government since the New Deal, President George W. Bush planned the government plan for an “ownership society” in his 2004 State of the Union address. The objective of this program is to shift the liability for providing economic security from the government to folks through changes in federal budget policy. The consequence of tax relief for building a personal safety net comes from the administration’s allege that one of the six goals of the president’s economic program-“To Enable Families and Businesses to Plan for the Future with Confidence”-will not be accomplished if Congress makes permanent several of the tax cuts, including the estate tax, that is scheduled to end during the next decade.(White House)

Thank you for visiting Essaydemon.com and viewing our articles and sample papers. Kindly be informed that all these articles and sample papers are for marketing purposes only. The sole purpose of these articles and sample papers is just to provide our customers with an idea about our services before they place an order.

Kindly visit our order/inquiry page for further assistance.

Kindly order custom made Essays, Term Papers, Research Papers, Thesis, Dissertation, Assignment, Book Reports, Reviews, Presentations, Projects, Case Studies, Coursework, Homework, Creative Writing, Critical Thinking, on the topic by clicking on the order page.


Recent Posts

Essay: The Consequences of Industrial Revolution

Sample Essay The consequences of Industrial Revolution were widespread and its effects are still present…

6 days ago

Essay: The Bad Affects of Internet

Sample Essay Despite the good it has done to society and the fact that life…

2 weeks ago

Essay: The impact of prejudice and discrimination

Sample Essay The visionary fathers of the Americas land seems like they did not have…

4 weeks ago

Essay: Controversies in stem cell research

Sample Essay The controversy surrounding stem cell research has been raging on in the media…

1 month ago

Essay: Profession of Accounting

Sample Essay Emphasis is laid on investors on the quality of work rather than the…

1 month ago

Models of Hybrid Course Design

Hybrid online courses can be designed using different models. One of them is face to…

1 month ago