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The Social Security Crisis
Part I of Essay
The Presidential election will be coming up this November and the
question that many of Americans have on their mind is what are you going to
about ? This question has our nation divided between
generations. The elder people of our nation (ages 50 and up) fell confident th .... Part II of Essay
.... fund where the
government takes a certain percentage out of our weekly pay. Then that money is
put into a savings fund where it is held until you retire. When they retire
money is returned to them in monthly checks plus the interest. This is where
they are wrong. Social Security is a pay-as-you-go system where the current
workforce pays for the present retirees, and then when they retire they will
depend on the workforce and so on and so on. Which is fine when you always have
more workers then retirees. This is the problem the govern ....
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Words: 396 - Pages: 2
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