Concern over fairness of system
Financing of Benefits Voted in Election Year
The Social security system, which not so long ago seemed to be a sacred cow among federal programs, is becoming a target of public skepticism and criticism. Many complain that the present system is not providing economic security for those who need it; others find fault with the method of financing as excessively burdensome for low wage earners and unfair to an entire generation now at work who may be paying far more into the system than they can expect to get back.
Social Security beneficiaries today exceed 28 million, approximately one of every eight Americans.1 Their demands for more money and the election-year response of politicians have brought the financing issue into sharp focus. ...