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Social Security is more than just a retirement program. Of the 48 million beneficiaries in July 2005, 6.6 million received survivors benefits and 8.2 million received disability benefits. Social Security is going to be growing from around 4.4 percent of the GDP to 6.5 percent of the GDP. Social Security is a successful government program that is facing neither an immediate crisis nor some explosion of costs that will place an onerous burden on society. Instead, Social Security may face a financing shortfall after 2041 if the pessimistic assumptions of Social Security's trustees pan out.

Social Security is an enormously popular program to a very large and powerful portion of the electorate -- the retired and the soon-to-be-retired. Any attempt to change the program runs the risk of incurring their wrath, and elected officials are notably reluctant to anger such a powerful group of voters. Social Security is particularly important to retirees in communities of color. Among all beneficiaries 65 and older, 42% of single persons and 22% of married couples relied on Social Security for almost all (90% or more) of their income in 2006. Social Security is a crock of you-know-what. Those who entrust the government to take care of you in your old age will be disappointed.

Social Security is based on a sliding scale depending on your income, how long you work and at what age you retire. Social Security benefits can automatically increase each year based on increases in the Consumer Price Index. Social Security is a pay-as-you-go system under which taxes collected from current workers are used to pay current retirees. That was sustainable in the past. Social Security is relatively simple - it can be turned into a welfare program for needy elderly (as opposed to a retirement annuity). Or they can change the benefit formulas so it doesn't get indexed by average wages (which grows faster than inflation).

Social security is dead and likely Medicare and Medicaid if we like it or not. Social Security is also extremely efficient and has a minimal amount of fraud and abuse. Social security is the broad term for the range of financial benefits available to virtually all workers in America from the U.S. Most workers in American rely upon Social Security benefits at some time in their lives.

Social Security is not a free market, capitalist concept. Social security is also for those who become disabled before they reach retirement age. SSA is what keeps many disabled people from being homeless. Social Security is the Nation's most successful antipoverty program. It has lifted over 11 million seniors out of poverty.

Social Security is one of the most successful, efficient, and politically popular government programs in history. John McCain -- candidate for President -- said yesterday that the funding mechanism behind this wildly successful program is an "absolute disgrace.".(And that's the charitable interpretation). Social Security is of course fine and will be fine for decades at least. There is fortunately a Democratic Congress and a national election coming as well and there is no chance of any change that will needlessly weaken Social Security. Social Security is a challenge now; if we fail to act, it will become a crisis. We must save Social Security and we now have the opportunity to do so.

Social Security is financed by workers and employers, each paying a flat tax of 6.2 percent of a worker's salary. This payroll tax currently applies only to the first $102,000 a worker makes; any earnings above that are tax-free. Social Security is a safety net for the insured worker. Just as a private insurance company collects premiums, Social Security collects contributions.

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Accordingly, they shift the analysis from actual lifetime income to potential lifetime income (the discounted value of a person's wage rate multiplied by 4,000 hours for each year). This measure captures the value of leisure and home production. According to Paul Krugman, a leading US economist, proponents of privatisation assume that investing in shares will yield a high annual rate of return, 6.5 or 7% after inflation, for at least the next 75 years. Yet a rate of return that high is mathematically impossible unless the economy grows much faster than anyone is now expecting," Mr Krugman wrote in the New York Times. According to press reports, a provision in the Social Security Act allows illegal immigrants to receive Social Security benefits if the United States and another country have a totalization agreement.