Do you believe that the current U.S. policy for social security has clear goals and objectives?

Answer 1

Absolutely!! The objective is to provide a supplementary retirement income , & assistance to minor children of a deceased wage earner.

There are also a number of other lesser benefits such as a small stipend to supplement burial expenses, & benefits for those deemed to have a disability which prohibits full employment.

Tho people have expected the program to go bankrupt for over fifty years, it is still viable, & most who pay into the fund receive all of their money back in benefits by the third year of receivig benefits.

The biggest challenge today is the dwindling number of contributing workers due to smaller families, & the ever increasing number of retirees who are living longer thn ever before.

Answer 2

The program has clear and objective goals - to provide security in the event of old age, disability or death of a worker who provides support to a child or spouse.

The actual goals of the method of financing the program are much less clear and objective. - In theory, FICA taxes can only be used to pay Social Security benefits - but the government has been borrowing and spending surplus money that is being paid into the Social Security trust fund and spending it on other things - with no plan in place to pay the money back when it is needed to pay benefits. - Ideally the non Social Security budget would be balanced, and any surplus paid into the Social Security Trust fund would be used to buy up government bonds from the Chinese, Japanese and other investors. - Then the bonds could sold when cash is needed to pay benefits.

So what is the real purpose of making workers pay FICA taxes at a rate that creates a surplus in the Social Security Trust fund? Perhaps the real purpose is to make it easier for the government to enact tax cuts for the rich.

Answer 3

yes it has its clear goals and objectives but attaining it is very, very complicated and chaotic due to so many red tapes and restrictions, why not just simplify it and cover all the loop holes...pay only people who contributed and those who did not should not get a single penny from it. minimize the administrative expense to the minimum and get rid completely of all the paper works and bureaucracy in it.