America Needs to Invest the Social Security Trust Fund Essay -- Argume

America Needs to Invest the societal warrantor Trust FundOur nation ensures social welfare through sociable Security. However, the United States cannot ensure the welfare of its own welfare system. To save Social Security, Americans in general do not favor an gain in the payroll tax, a cut in benefits or an increase in the retirement age. Furthermore, Americans are relying upon Social Security as their sole credit of income at increasingly alarming rates. Social Security is intended to paraphernalia retiree income, not account for 100% of it. Through elimination of the probable options, that leaves one necessary action invest the Social Security confide memory in the stock market.According to the San Francisco Chronicle (Social Security, Sec. C, p 16), umpteen another(prenominal) people are concerned that investing Social Securitys trust fund in the stock market will not merely gamble their future income, but would result in the federal government influencing scotch deci sions. These concerns are uneducated assumptions.Under the proposed image to invest a circle of the Social Security trust fund in the stock market, only new and previously unanticipated Social Security money would be invested. Part of The Presidents plan entails allocating more than $2.7 trillion in expected budget surpluses over the next 15 years or 62% of the total to directly bolster Social Securitys cash reserves. Of that, close to $700 billion or 25% would be invested in the stock market. This plan would eliminate the risk of losing payroll tax money because only budget surplus revenue would be invested. Many who oppose The Presidents plan grant lived through the Great Depression, one of the bleakest times in American history. term the Great Depression was triggered ... ... belongs to us, the people. Therefore the government, which holds the key to Social Security and in essence, our future, needs to adjust the system to the needs of its beneficiaries. Dont cut benefits, as many Americans rely on Social Security for a large mass of their income. Dont increase the retirement age because more and more Americans are retiring(a) in their 50s to play golf in Florida or do whatever, wherever. And dont increase the tax we pay, because its already being grumbled about by many Americans. only do increase our retirement income. Its time to accept some greater risk, just as the founding fathers did when declaring the colonies the United States of America and to take the rise of faith by investing in the stock market.BIBLIOGRAPHYA reflection at the plan to save Social Security. San Francisco Examiner, January 31, 1999,Sec. C, p. 16.