EESC 1174 Chapter Notes - Chapter 1: National Pension Scheme, Money-B
20 Jun 2016
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Issues: with baby boomers retiring by 2053 cbo estimates ss will run out of money. Ii: other two solutions are cut benefits or raise taxes. A. 1. became a problem as the families moved to urban areas and became smaller, could not longer afford to take care of individuals with problems: social security. B. 2. born out of the ashes of the great depression suggested it was not an expansion of government orthogonal to american values but a restoration of values lost due to industrialization. B. 3. a) added colas (cost of living adjustments: current situation, seeking to find a privatized solution, eroding pensions. B. 1. as pensions become more uncertain people disagree with the idea of mak- ing social security less stable. How easy votes on social security came to an end. Delayed costs: designed so that beneficiaries were supported by many workers - wait until peo- ple really pay to see the favorably of the program.
