Social Security 
The U.S. Social Security system provides benefits to the elderly, retirees, the disabled, the unemployed, and children. The Social Security taxes that workers pay go toward benefits for people who have already retired. This system worked well when the population included 1 retiree for every 120 workers. However, by the 1970s, the ratio of retirees to workers was 1 to 5. Payments now exceed contributions from taxes, and the system faces serious funding problems.
Many nations operate social security programs to assist their citizens financially and protect them from poverty. The United States, for example, has a social security system that provides benefits to the elderly, retirees, the disabled, the unemployed, and children. Although social security enjoys strong support among Americans, it has nevertheless…>> (read more)
Social Security in the News
ITEM: "President Barack Obama has said he would like to tackle Social Security next year," reported the Associated Press on April 24, "after Congress finishes work on health care,…>> (read more)
Social Security and Medicare, Big Government's two most cherished social-welfare programs, are running out of money far faster than expected, thanks to the persistent economic downturn. Medicare, which is…>> (read more)
RAHM EMANUEL notoriously captured the spirit of Washington when he said that "you never want a serious crisis to go to waste. What I mean is that it's an…>> (read more)
Social Security Statistics
