Is Social Security in danger?

Social Security is a very well designed and maintained program. Who could ever oppose such a beneficial program? Well let’s see.

The finance industry wants to privatize IRA accounts in order to profit from this lucrative pot of money that exists in the form of Social Security. In addition, the affluent sector of Americans
maintain an interest in saving money through taxes.

Numerous demonstrations and polls relay that the majority of Americas strongly oppose cuts in Social Security, however, the White House overlooks the public opinion in this regard. Leading news sources
will portray Social Security as a burden on young Americans without regarding it as a safeguard for our country’s elderly and disabled.

Democrat Senator Tom Harkin (Iowa) offers a sensible solution. It involves taxing the highest earners of our nation. Senator Elizabeth Warren mentioned in her speech how strongly she believes in the
wrongful cuts on Social Security, as well as President Obama’s chained CPI (Cost of Price Increase) Cut, which ultimately dips into the pockets of Social Security over time.

The biggest enemy of Social Security is our National Debt. The truth of the matter is that our National Debt is shrinking, however that is rarely discussed because of the Social Security debate.