Friday, November 2, 2007

The Social security administration is at its lowest levels since the 1970s and the number of disability claims just keep rising. On November 2, 2007, the House and Senate appropriations committees agreed to provide the Social security administration with 9.9 billion for operations in 2008. This amount was 275 million dollars more than the Bush administration requested and just enough to keep the social security from dying for a small period of time. Richard E. Warsinskey said that this money will only help, but will not fix the problem. Around 746,000 cases are lined up for hearing on disability claims, and the average wait is around 512 days. The number of workers receiving social security is projected to increase during the next decade to 13 million. This article interested me because it affects every single woking American. Most of us are going to rely on social security when we retire and if there is no money for us when we get to that point, we are not going to be able to survive, unless we work until we die. I believe that the government is obligated to come up with the money, because in the end, this whole time it was our money they took out of our paycheck during all those years or work.
http://www.washingtonpost.com/wp-dyn/content/article/2007/11/01/AR2007110102334.html

2 comments:

p2 said...

This article that my colleague has presented us shows that in the near future social security will become a big problem. In recent news the first baby boomer will be getting their social security check in the mail. What might seem like a small problem now will have major affect on us in the future. For every one person back in the day who retired there were forty tax payers who funded his or her retirement. But with the up coming baby boomers it is going to be like three tax payers to every one retiree.

I agree with my colleague in saying “Where is our money going to be when we get old?” I am not looking forward to working hard and have nothing to show for it. My colleague brought up a great point saying that the government was obligated to come up with the money and I concur.

With the war going on today and the rises in gas price it looks like the US economy is going down. There is a great saying I once heard, “You can judge how far advanced a civilization is by how they treat their poor.” Well our poor aren’t looking so good. So the government really need to do something about this shortage of money issue.

Brianna Janel Blair said...

I completely agree with my colleges stance on our social security problem. I am a full time college student working 20 hours a week and I am appalled at the amount I am loosing from my already pathetic paychecks for social security. This "security" that I potentially may need one day if our country cant even afford to pay current recipeints of their social security. Many Americans need this money, such as the disabled workers, and senior citizens. Unless reforms are made with the whole social security system disabled people suffer as well as the younger generation like you and I will be in a worse position than the elderly are in now.