The firm GfK Roper had a poll they did that was funded by AARP explaining that American’s do not like the idea of helping the National deficit by cutting Social Security. The Huffington Post reports that polls results show that 85 percent of adults are against cutting Social Security. A large sample (72 percent) “strongly opposes” such action.
Those getting Social Security say ‘Me first’
Considering the Social Security system has been criticized time and time again and is 75 years old, it is interesting to see this support. Since the AARP funded this survey happening, and the AARP members tend to be either on, or nearly on Social Security, it seems about right. Within the survey, it was found that 57 percent of American’s younger than 50 said they’d rather pay higher payroll taxes to make sure social security would be available to them. Those within the future will certainly have to deal with this deficit while the “Baby Boomer” generation lays back and soaks in all the money being handed to them.
Raiding the trust fund
Since Social Security is clearly not probably the most sustainable program, the Obama administration is trying to figure out how to proceed 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 need cash now.
Two-thirds of Americans believe Social Security cuts would leave them destitute
Two-thirds of Americans are afraid they won’t be able to survive without Social Security, while one more 80 percent are concerned about the financial stress of any person who have fixed-income retirees. Clichéd old fears of a “poor house” or “debtors’ prison” rear their ugly heads, giving way to hysteria. However, nearly 80 percent of “the sky is falling” types do not even know – as outlined by the poll – that if the Social Security trust fund is in fact drained, they’ll still receive benefits, just at a slightly lower level.
Discover more information on this subject
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
