Political conservatives and libertarians argue against the continuation of the Social Security programs. Discuss the validity and the rationale of this argument using information on benefit levels and trust funds contained in your textbook.
What will be an ideal response?
Must include a brief history of the incentives for saving and the facts surrounding the dependency ratio. Points to be included are COLAS and exploding Social Security disability budgets, including Medicare. Additional points such as how Social Security socializes a portion of the national income, discourages savings, and causes retired people to become dependent on the government should be discussed.
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Fill in the blank