Cutting social security to fix the deficit is not an idea that Americans like according to a survey funded by AARP and conducted by GfK Roper. As outlined by the Huffington Post, 85 percent of adults do not want to cut Social Security. 72 percent were shown within the survey to “strongly oppose” social security. Resource for this article – Americans disagree with Social Security cuts to trim deficit by Personal Money Store.
‘Me first,’ say Social Security recipients
For a 75-year-old Social Security system that has received an excellent deal of criticism, such support may seem surprising. Since the AARP funded this survey happening, and also the AARP members tend to be either on, or nearly on Social Security, it appears about right. 57 percent of any person under the age of 50 answering the survey said they would rather pay higher payroll taxes with a Social Security guarantee than be paying what they are now and not being certain of what could be received. While a tremendous national deficit will certainly affect future generations for decades to come, the grim reality is that the sense of entitlement commonly associated with the “Baby Boomer” generation makes their refusal to cut Social Security less than surprising.
A trust fund for the using
Since Social Security is definitely not probably the most sustainable program, the Obama administration is trying to figure out what to do to change things. Most are concerned they won’t get their Social Security anymore. Current tax levels aren’t enough to maintain into the system, and privatization may help younger workers, but not the scores of Baby Boomers who need the cash till payday.
Two-thirds of Americans believe Social Security cuts would leave them destitute
80 percent of Americans are concerned for the families of fixed-income retirees which only one out of each and every 3 are concerned about how not having Social Security could affect their lives after retirement. “Poor house” or “debtors’ prison” are the concerns of many. Even 80 percent of individuals who are “thy sky is falling” types believe that they would nevertheless get benefits even if there wasn’t a Social Security program anymore.
Further reading
Bestyears.com
bestyears.com/parentstold.html
AARP survey
aarp.org/work/social-security/info-08-2010/social_security_75th.html
Cato Institute
cato.org/social-security
Huffington Post
huffingtonpost.com/2010/08/11/public-opposes-cutting-so_n_678374.html
Social Security Online
ssa.gov/
Milton Friedman on the Social Security myth
youtube.com/watch?v=rCdgv7n9xCY
