Social Security

Our book defines social security as a program which combines old age insurance, surivors insurance, disability insurance, hospital insurance, and supplementary medical insurance for the elderly.  There is a lot of talk going on about social security.  It is a flat payroll tax on employers and employees. Somepeople dont like it because they feel the government is taking their money, using it for other things, and they probably wont get it back.  Somepeople dont like it becuase they think the government is taking over their money and they would rather manage it themself.  Others are worried about how all the Social Security will go to baby boomers and there will be none left.  It has been said that social security is an entitlement because some people are getting back more social security than they put into it and others think that younger people are getting robbed because they are paying the tax if they are working, and if they are not working, the older people are stealing their place in the work force.  There is a bunch of hustle bustle that goes on about social security.  I hear a lot about my generation and that we will not ever receive social security.  People say that by the time I am ready for retirement, they will have ran out of social security.  I hope they come up with a plan to stop that from happening.  There is nothing really I can do but wait to see what really happens.  Maybe when I am ready for retirement they will have come up with an even better plan and I will receieve even more money than the baby boomers.  Yeah right.