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Social Security benefits are somewhat a big issue, because there's been talks of it going bankrupt,...

Social Security benefits are somewhat a big issue, because there's been talks of it going bankrupt, etc. However, SS is actually monies that are saved from employment. Do you anticipate that the program will eventually be eliminated? Why or why not?

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Answer #1

Do you anticipate that the program will eventually be eliminated? Why or why not?

I don't think Social Security benefits will be eliminated, because-

  • Social Security is the commonly used term for the federal Old-Age, Survivors, and Disability Insurance program and is administered by the Social Security Administration.
  • Many helpless citizens depend on Social Security benefits
  • If Social Security benefits are eliminated, government might face a serious backlash, which may prove fatal in the next elections
  • General budget funds Social Security benefits
  • Scrapping the payroll tax to cut Social Security benefits is not easy
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