This 8-page paper is an argumentative essay, supporting the idea that privatization of Social Security is the best way to save the system. Arguments include the fact that Americans are capable of making their own investment choices. Bibliography lists 6 sources (annotated bibliography).
Name of Research Paper File: D0_MTsosear.rtf
Unformatted Sample Text from the Research Paper:
slipping through the cracks because of the Great Depression. It was geared to help widows of breadwinners who had died, and who had no other visible means of support. And
it was geared to help the elderly, whose companies might have gone bankrupt and who, therefore, might have lost their living pensions (and finding a job was out of the
question for these particular folks because, of course, there were few jobs to be had). The premise of Social Security was simple --
workers would pay a certain percentage of their pay into the account, with employers matching that payment. This would then be sent to a general fund, which would pay benefits
out of that. Social Security, from the start, was meant to be used in addition to savings, not in lieu of it. These
days, of course, were no longer in a Great Depression. Many retirees have their Social Security benefits, along with pensions and other investments from their time at work. The retiring
baby boomers mean that tomorrows workers are going to be hard pressed to support the retiree of 2035 in the same way that the retiree of 1935 was supported. Some
economists warn that the system is likely to go bankrupt anytime between next year and 30 years from now, depending on which economist youre talking to.
Something needs to be done. But what? President George W. Bush has recommended that privatization be added to Social Security.
In other words, the employees would take their earnings, and instead of depending on the government to handle investments, the employees would chose their own (government-backed) securities. This way, President