Social Security Archives - Extemp Central

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Today’s R&D is brought to you by Prepd, the only software built specifically for extemp. Prepd makes it easy to research, practice, and compete! Visit www.prepd.in to learn more. Like Prepd on Facebook for special info and contests.

Today’s R&D from Prepd provides resources on Social Security. The program was part of President Franklin Delano Roosevelt’s New Deal in 1935, but is now encountering problems related to a lack of workers for current retirees and questions about whether benefit cuts will have to take place in order to keep the program afloat. The popularity of the program has traditionally thwarted radical attempts to change it, as former President George W. Bush experienced first-hand in 2005. Nevertheless, members of both parties agree that some type of adjustment will have to take place within the program within the next twenty years to make it sustainable.

The link between income inequality and Social Security benefits is growing https://t.co/VYHgXG9GKv pic.twitter.com/Jr2hJseTiw

— Real Time Economics (@WSJecon) April 25, 2016

Why some Social Security benefits are going away soon https://t.co/ChLHfc7Vte @olivialowenberg pic.twitter.com/RtwSOiOAAp

— CS Monitor (@csmonitor) April 24, 2016

It’s time to end Social Security for the rich, recommends @stuartmbutler: https://t.co/FAhew51xWm pic.twitter.com/hnQUkv3YIf

— Brookings (@BrookingsInst) April 16, 2016

R&D from Prepd: Social Security

By geniao44446

On August 19, 2015

In R&D

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Today’s R&D is brought to you by Prepd, the only software built specifically for extemp. Prepd makes it easy to research, practice, and compete! Visit www.prepd.in to learn more. Like Prepd on Facebook for special info and contests.

This R&D provides resources on Social Security. The federal age insurance program recently celebrated its eightieth anniversary, but does so under a cloud of anxiety about whether older Americans can continue to expect existing levels of benefits and how the system can be preserved for younger generations. Despite these fears, though, Social Security remains one of the most popular federal programs, with 82% of Americans saying that Social Security contributions were important for the “public good.”

Social Security is more important than a lot of people think http://t.co/BhIZP0GuBv pic.twitter.com/0M2Wv00jKR

— Mother Jones (@MotherJones) August 17, 2015

Social Security faces serious challenges, and it’s our duty to make sure people get the help they’ve been promised: http://t.co/kYt68G61rM

— Paul Ryan (@RepPaulRyan) August 17, 2015

As Social Security turns 80, more seniors are returning to the workforce. Is that a bad thing? http://t.co/rkQLViA4ys pic.twitter.com/EJ1tMD51rY

— The Atlantic (@TheAtlantic) August 14, 2015

Topic Brief: Social Security & Medicare Spending

By geniao44446

On May 19, 2009

In Topic Brief, U.S. Extemp

Last week Social Security and Medicare trustees released a chilling report that documented the dire financial straits of the programs they oversee. According to the trustees, Social Security will start taking in less money than it sends out in 2016 and by 2037 the fund will go bust, four years earlier than anticipated. Also, Medicare’s hospital fund is already running a deficit and is now in danger of going bust by 2017.

Social Security and Medicare are two of the largest federal government programs. Social Security provides an array of services for disabilities, child insurance, and most importantly, a supplemental income to retiring Americans. Medicare helps to cover hospital costs and medical costs for senior citizens, including a generous prescription drug benefit that the Bush administration added to the program in 2004. The point of these two programs was to prevent seniors from falling into poverty when they were no longer working.

Solutions to these programs have been advocated before by think tanks and task forces. However, Congress has long delayed looking into reforming these programs because of the unpopularity such moves would cause.

This brief will explain the current fiscal status of these programs and why they are in dire straits, proposed changes to these programs, and political impact the dire status of these programs could have in the near future.

Tag: Social Security

R&D from Prepd: Social Security

R&D from Prepd: Social Security

Topic Brief: Social Security & Medicare Spending