The U.S. Social Security Reform Research Paper by mmahon

The U.S. Social Security Reform
This paper discuses the U.S. Social Security reform based on policy theorist John Kingdon's Theory of Public Policy.
# 60221 | 3,245 words | 11 sources | APA | 2005 | US


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Description:

This paper explains John Kingdon's "multiple streams" theory of public policy, which maintains there are three separate, independent streams that flow through the policy process: The problem stream, the policy stream and the political stream. The author points out that the most significant administrative change occurred when President Lyndon Johnson signed into existence the Medicare bill in 1965, which meant that the Social Security Act is now responsible for supplying health coverage to nearly all Americans of age 65 or older. The paper relates that the current pay-as-you-go Social Security system has had a deleterious effect on the economy because it has decreased workers' overall saving rates; increased national saving is crucial to increased capital productivity and long-term economic growth.

Table of Contents
Introduction
History of Social Security System
Program Shortfalls
Social Security Today
The Problem Stream
Indicators
Events
Feedback on Existing Policy
The Policy Stream
The Political Stream
The Launch-Window
The Push for Major Reform
Conclusion

From the Paper:

"The current state of the Social Security system is not in immediate danger: at the moment Social Security tax revenues exceed what is necessary to pay benefits. The program trustees believe that the projected balances will grow to $7.2 trillion in 2026. After this period, however, after the trustees project that the system's output will begin to exceed its intake, and balances will begin to decrease. If this comes to be, further projections indicate that by 2041, the funds will be-if no changes are put into place-technically exhausted, and the program will be insolvent."

Cite this Research Paper:

APA Format

The U.S. Social Security Reform (2005, August 14) Retrieved May 10, 2021, from https://www.academon.com/research-paper/the-us-social-security-reform-60221/

MLA Format

"The U.S. Social Security Reform" 14 August 2005. Web. 10 May. 2021. <https://www.academon.com/research-paper/the-us-social-security-reform-60221/>

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