well tell me how you would put it? :) paper due tomorrow on troopscoming back from iraq?

well tell me how you would put it? :) paper due tomorrow on troopscoming back from iraq?
Due to the aging of the baby boom generation along with increased average life spans of American citizens, the current system of social security is headed for bankruptcy, meaning it will no longer generate the funds necessary to meet its obligations to retirees. Democrats and Republicans debate the actual timing of this insolvency, but no one disputes the fact that changes must be made eventually to keep the system going. Because the system is severely under-funded, one of two courses must be made at some point: 1) raise taxes to increase revenue generated, or 2) cut back on benefits paid out. President Bush has stated that he likely won't raise social security taxes to cover the difference; thus, he has indirectly acknowledged that benefits will have to be cut. However, his administration has come up with a plan that could make up the difference and even increase the benefits available to retirees -- private accounts. Currently, employees pay 6.2 percent in social security tax, which is matched by another 6.2 percent paid by the employer. Under Bush's plan (or rather Bush's adaptation of an idea that's been used in Britain, Argentina, Australia, and Chile and proposed in the past by President Clinton and Senate Minority leader Harry Reid), employees would be able to take 4 percent and put it into a special private account they own, and for which the government can never touch (with the other 8.4 percent staying in the general trust fund). This private account could be invested in a number of mutual funds which could include stocks and bonds (in addition to no-risk investments such as treasury instruments). This private account would be transferable to next of kin upon death. Since investment in stocks and bonds are historically much higher than the return currently earned by the government system, President Bush is convinced that the additional earnings of private investment will more than make up for the cutback in benefits Billions of dollars will be injected into corporate investment, leading to an economic stimulus. Every economist will tell you that the key to growth is new investment. Economic growth leads to lower unemployment, lower inflation, and a greater standard of living for society as a whole. The implementation of private accounts would mean a significant amount of money would be invested into the private sector. And since money could be shifted around, the most efficient and successful companies would gain additional investment funds. One of the best "leading indicators" of a successful U.S. economic upturn or downturn is the U.S. stock market. Experts almost unanimously agree that the stock market would go up with the use of private social security accounts. One of the foremost economic experts in the world is Fed Chairman Alan Greenspan; he happens to support the idea of private accounts.
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this has to do with returning OIF vets how? To me it has to do with all Americans...

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