Americans do not want to end Social Security to help with deficit

The firm GfK Roper had a poll they did that was funded by AARP explaining that American’s do not like the concept of helping the National deficit by cutting Social Security. As outlined by the Huffington Post, 85 percent of adults don’t want to cut Social Security. Within the survey, 72 percent “strongly opposes” this action.

Anyone with Social Security benefits say ‘Me first’

For a 75-year-old Social Security system that has received a fantastic deal of criticism, such support may seem surprising. Since the AARP funded this survey happening, and the AARP members tend to be either on, or nearly on Social Security, seems like about right. Within the survey, it was discovered that 57 percent of American’s younger than 50 said they’d rather pay higher payroll taxes to make sure social security would be available to them. The “Baby Boomer” generation gets to relax and live off other people’s incomes, which is why they don’t care about the deficit that the younger generation is going to have to fix one day.

Raiding the trust fund

The Obama administration is at the moment looking into what should be done with Social Security, as the insurance program clearly is not sustainable in its current form. Many fear that their shrinking nest eggs will be taken away. Current tax levels aren’t enough to maintain into the system, and privatization may help younger workers, but not the scores of Baby Boomers who need the need money now.

Two-thirds Americans afraid to lose Social Security as an income

While two out of 3 Americans fear the direct effect that cutting Social Security would have on their budgets within the golden years, a whopping 80 percent are wary of indirect financial stress such action would cause families of fixed-income retirees. Clichéd old fears of a “poor house” or “debtors’ prison” rear their ugly heads, giving way to hysteria. However, nearly 80 percent of “the sky is falling” types don’t even know – according to the poll – that if the Social Security trust fund is in fact drained, they’ll still receive benefits, just at a slightly lower level.

Find more information on this subject

Bestyears.com

bestyears.com/parentstold.html

AARP survey

aarp.org/work/social-security/info-08-2010/social_security_75th.html

Cato Institute

cato.org/social-security

Huffington Post

huffingtonpost.com/2010/08/11/public-opposes-cutting-so_n_678374.html

Social Security Online

ssa.gov/

Milton Friedman on the Social Security myth

youtube.com/watch?v=rCdgv7n9xCY