America Needs to Invest the Social Security Trust Fund Essay -- Argume

America Needs to Invest the Social protective covering Trust gun storehouseOur nation hold backs social welf be through Social Security. However, the United States cannot ensure the welfargon of its own welfare system. To save Social Security, Americans in externalizeetary do not favor an annex in the payroll tax, a cut in benefits or an increase in the hideaway age. Furthermore, Americans are relying upon Social Security as their sole source of income at progressively alarming rates. Social Security is intended to supplement retiree income, not account for 100% of it. Through elimination of the potential options, that leaves one requisite action invest the Social Security trust fund in the stock market.According to the San Francisco Chronicle (Social Security, Sec. C, p 16), many people are concerned that investing Social Securitys trust fund in the stock market will not only jeopardize their future income, scarcely would result in the federal government influencing econom ic decisions. These concerns are ignorant assumptions.Under the proposed plan to invest a portion of the Social Security trust fund in the stock market, only new and antecedently unanticipated Social Security money would be invested. Part of The chairpersons plan entails allocating more than $2.7 trillion in expected cipher surpluses over the next 15 years or 62% of the quantity to directly bolster Social Securitys cash reserves. Of that, nearly $700 billion or 25% would be invested in the stock market. This plan would eliminate the lay on the line of losing payroll tax money because only budget surplus tax would be invested. Many who oppose The Presidents plan have lived through the large(p) low, one of the bleakest times in American history. While the Great Depression was triggered ... ... belongs to us, the people. Therefore the government, which holds the key to Social Security and in essence, our future, needs to queue up the system to the needs of its beneficiaries. D ont cut benefits, as many Americans rely on Social Security for a large portion of their income. Dont increase the retirement age because more and more Americans are retiring in their 50s to put-on golf in Florida or do whatever, wherever. And dont increase the tax we pay, because its already being grumbled about by many Americans. But do increase our retirement income. Its time to accept some greater risk, just as the founding fathers did when declaring the colonies the United States of America and to take the leap of faith by investing in the stock market.BIBLIOGRAPHYA look at the plan to save Social Security. San Francisco Examiner, January 31, 1999,Sec. C, p. 16.