Social Security Reform

Paper Summary:

This paper examines the social security system currently in place. The paper explores the history of the system and its current issues. The paper then presents an argument calling for social security reform so that citizens benefit more from its existence.

Outline:
Abstract
Introduction
History
The Time For Reform is Now
Those Against It
Conclusion

From the Paper:

"It is time to reform the system. While many people are comfortable trusting that the government will work it out, there are others who are not. For those people the time has come to allow them to choose their own retirement path."
"One suggested plan of reform is to allow employees to choose where their retirement funds are invested. The same amount would come out of their check, but instead of going into social security the funds would go to the investment of their choice. This allows them some control over movement when rates are good, and it will cause competitive plans to come forward for the purpose of attracting the social security type dollars. "

Sample of Sources Used:

• Bennett, Gerald (2005) Social Security Reform: Something to Put Stock In?The Washington Post.
• History of Social Security 1935 - The Social Security Act, which covered workers in commerce and industry, was signed by President Roosevelt. (accessed 4-18-06) http://www.socialsecurityreform.org/history/index.cfm
• John, David C. The Top 10 Myths About Social Security Reform (accessed 04-18-06)http://www.heritage.org/Research/SocialSecurity/bg1802.cfm
• Morehouse, Lateefa. (2005) Social Security reform a hot topic in most political circlesUniversity Wire.
• New Study Shows True Social Security Shortfall (Accessed 04-18-06)http://www.socialsecurity.org/

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