ong it can last after the year 2030. There are many ways people are suggesting to deal with the problem. Some suggest to raise taxes on social security "In order to continue paying full benefits in 2032 and for about 40 therefore, the law would have to be changed to increase social security taxes by almost one-half, from the current 12.4 percent to about 18.0 percent"(www.ssab). This would not effect the people on social security but it would effect the labor forces. This would effect the younger workers because as the years go on the years go on taxes would just keep raising to cover social security. Another plan comes from the president. The president's "proposal was to give millions of poor and middle-class Americans as much as $300 a year to open their own retirement account"(Washingtonpost). The goal of this project is for Americans to start there own retirement accounts and not have to depend on the social security system. In my opinion the presidents proposal is better because if you raise taxes it is like the younger generation I getting ripped off. Why should they have to pay all of this money into something that they don't even know if it will be around when they are ready to retire. There was problems with it before so who is to say there will to be in the future. You can't keep raising taxes forever there has to be a limit. I think that the best thing for social security is to get rid of it all together.Bibliography1. http://washingtonpost.com/wp- srv/politics/special/security/stories/accounts041599/htm2. http://www.policy.com/issuewk/1999/0306_60Intro60.html3. http://www.ssab.gov/rep5vii.html...
