Social Security in the 21st Century

Social security is one of the successes gotten by the Americans. The program provides a foundation of economics security for more than 47 million Americans and their families. The reason for the built in protections, we have come close to eliminating poverty among seniors. It also helps in the provision of basic income to millions of families who have suffered the death or disability of a wage earner.

The financial security of social security is very strong. In 2003, it took in the rate of $161 billion more than it paid out in benefits. These programs have the resources to provide benefits for the baby boomers and their children and grandchildren. The security trustees predict that it will pay ever -increasing benefits through at least many more years to come when a surviving baby boomer will be mostly in his/her 80s and 90s. If the US economy long-term growth rate falls to half the level of the past 50 years, the trust fund may be depleted after 2042, but social security payroll taxes alone would still cover benefits worth an estimated $1000 more after inflation than today’s senior receive.

Using less -pessimistic assumptions, the trustees low – cost long term forecast predicts that it will continue to provide each generation of retirees with more generous benefits than their predecessors through the entire 21st century. If social security finances are really in good shape why have so many politicians, policy analysts,and reporters warned us that something must be done to save it? How we have so many Americans become convinced that it won’t be there for them.

Misconceptions about social security are widespread because predictions about the distant future based on multiples assumptions are reported as facts”, frequently distorted,and almost always considered out of context. In addition, some organizations and individuals committed to privatizing it are driven by ideology or hope of profiting from the billions of dollars in investments fees that a privatized system could generate.

The majority of American would be worse off financially under a privatized system, all would be far less secure,and creating a new system would cost trillions of new tax dollars. Therefore, undermining faith in the existing program has been a major strategy private organizations have used to promote their agenda.

This report provides background information on how social security works, explains how it is that Americans can easily afford it in the long run even as our population ages, and points out fundamental problems with proposals to privatize the program.

Finally, it recommends ways we should improve social security to serve Americans better. While we most often see it as a retirement program, 30% of beneficiaries collect survivors of disability insurance. Social security survivors insurance provides benefits to the families of deceased workers, including children under 18, 18 and 19 years -olds in high school, disabled sons or daughters of any age, elderly dependent parents, and surviving spouses who are elderly, disabled, or caring for eligible children.

The social security trust fund & the trustees report is based on the projects of income and expenses of social security for 75 years into the future. The projections require numerous assumptions about birth rates, immigration rates, unemployment, average wages, life expectancy, and the like over. Over 75 years, small differences in assumptions can result in large differences in outcomes. The trustees make three different projections based on different assumptions. These three scenarios are called the low cost, intermediate, and high -cost projections:

The trustees intermediate projection: the trustees intermediate projection predicts that social security payroll taxes will continue to exceed benefits until 2018, and the combination of taxes and interest on the trust fund will cover benefits until 2028.

7 Tips For Renting A Party Bus

So, are you looking for a party bus? If you are on this page, chances are that you don’t know how to rent one. The tips given below can make it easier for you. You need to consider a lot of things before you choose one. If you are going to hire a party bus for the first time, you may be a bit worried. However, by following the advice given in this article, you can make the best choice. Read on to know more.

1. Plan in Advance

Party buses are quite popular in the here and now. If you going to attend a public event, such as a concert or sports event, you won’t be the only one looking for a bus. Therefore, it’s important that you book a vehicle in advance. Ideally, you may want to book the bus at least two weeks before the big day.

2. Opt for the right Vehicle

The first thing that you need to consider is the number of people who are going to attend the event. This is really important as you don’t need a vehicle that can’t accommodate all the people who want to go with you. Before you pick one, make sure count the heads.

3. Plan your Destination

While this is obvious, make sure you plan your destination ahead of the day. You need to let your driver know about it. This will help the driver choose the best route so you can get to the destination as soon as possible. After all, you don’t have a lot of time to waste.

4. Figure out the total Cost

Before you rent a bus, don’t forget to understand the hourly rate. Most people rent a vehicle as a group in order to divide the cost. Therefore, if you are the group leader, make sure you know the total cost. Once you have the figure, make sure you let everyone know about it.

5. Take beverages with you

If your group consists of only adults, chances are that you are going to enjoy adult beverages as well. If you are in Pennsylvania, for instance, know that the company won’t provide the drinks. Therefore, you should bring your own beverages.

6. Bring snacks along

On average, most buses are rented out for at least 8 hours. So, you may get hungry during the journey. Even if you have the arrangements for dinner, you may still need to have snacks with you. So, make sure you keep this in mind.

7. You may have to extend the rental

Most bus rental get extended by half an hour. Therefore, when planning, make sure you assume that you may need to extend the rental. This will help you figure out the total cost as no one would like surprise costs.

Long story short, these are a few tips that you may want to follow when renting the best party bus to meet your needs. With proper planning, you can make the selection a lot easier and convenient. Hope this helps.