Federal Budget Blog Entry

The main priority of the Federal Budget is to plan how they will spend money for each federal program. One of these federal programs, Social Security, is the largest and most expensive federal budget program. Socail security was established to fight poverty and serves retired, disabled workers, families of deseased workers, and children. This is paid by money taken outout of today's workers pay checks. Since 1983 the federal goverment has been using extra tax money for benefits. The disadvantages to this that more money will be spent on social security benefits than income taxes. Another program that is skyrocketing is Medicare. It is currently spending more than it is taking in. It is a program for people over 65 and the disabled for hospital benefits. Since the number of retirees is increasing, they estimate that the funding will be gone by the year 2019. Some people believe that a change needs to occur and other believe that the prgram will keep going without change. The people who believe there needs to be a change say that the program is offering the retiree's more than what it can afford to give. They believe that private investments should be offered as well as minimum benefits for everyone. The other view states that the social security program has become a well known for retiree's and should stay like that. They believe that the people who enter the program pay and in return should receve benefits.

I strongly believe that the America needs to make a major change in the social security program. Social security was not made for a retiree program, but instead to decrease poverty. For the last couple of years it has become a bwwfit dealer, and by 2017 the federal goverment will be spending more on these benefits then it recieves in imcome taxes, which pay for the benefits of social security. We need to make changes in order to save the program, like cutting back benefits and giving it to Americans only in desperate need of the money. In 2005 President Bush did promote an idea that Americans could have to option of diverting their social security payroll into private investments so they would be promised benefits.


The war in Iraq
http://bigsteveblog.blogspot.com/

Pay as you go
http://thevoiceofim.blogspot.com/2009/10/issue-2-spending-what-we-can-afford.html