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The issue I am addressing today is what to do about social security. There is going
to be a large problem with our social security in years to come. Both Al Gore and Bush
have plans for this problem but which one is the best? The problem with our social
security is that there isnt going to be enough. Also there wont be enough young workers
to take care of the needed money.
Bushes plan for social security is to allow workers to keep a portion of there
social security. They can put it in stocks and bonds much like an IRA or 401(k)
retirement account. This plan has the potential to allow much larger gains. But it also
could result in the loose of a lot of money.
Al Gore has a much simpler plan. He just plans on leaving social security alone,
and to spend money from other areas to make up for the difference. This plan is safer
then Bushes but requires a lot of extra money to be with drawn from other areas of
government. This could put us in even more debut or neglect other areas funded by the
I think that the government needs to invest peoples money wisely. Also I think
that there should be a mandatory class in high school that informs the future workers
about how to invest and save. If people knew about investing they could invest and save
up money so social security wouldn’t be needed as much.
I know that something has to be done about social security and that Gores plan is
not the way to go. I support Bushes plan and think that it has the potential to prevent a
major problem we will be facing in the future. This also would be a temporary answer to
this problem because if the economy drops then everyone could loose a lot of money and
growth of the investments will depend upon each individual.
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