An Entitlement program is a program run through the government that guarantees certain benefits to a certain group of people or segment of the population. The primary source of revenue for the social security program comes from deductions in paychecks. Every time a person receives a paycheck, a portion of that money goes to paying for social security for the elderly. Unfortunately, the amount of people on social security is far higher than the amount of people working to add to social security as depicted in the above graph. If this trend continues, social security could be a thing of the past and elderly people may go without if they can no longer work. This becomes an even bigger problem as many people are living longer than they used to so the amount of people on social security is rapidly increasing. If you had to be older to start claiming social security, far fewer people would be on social security at one time and the funds wouldn't be depleted as quickly
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2006-2 In recent decades, entitlement programs have constituted a substantial portion of the United States federal budget. Social Security is the largest entitlement program in the US. From the information in the chart above, and your knowledge of the US government and politics, perform the following tasks.
(a) define entitlement program
(b) What is the primary source of revenue for the Social Security program
(c) Identify one threat to the future of the Social security program should the trends depicted in the chart continue
(d) Describe on demographic trend that threatens the future of the Social Security program and explain how it is responsible for the threat that you identified in (c )
(e) Explain how any one of the trends in the chart above would change if the age of eligibility for social security were raised.
2006-2 In recent decades, entitlement programs have constituted a substantial portion of the United States federal budget. Social Security is the largest entitlement program in the US. From the information in the chart above, and your knowledge of the US government and politics, perform the following tasks.
(a) define entitlement program
(b) What is the primary source of revenue for the Social Security program
(c) Identify one threat to the future of the Social security program should the trends depicted in the chart continue
(d) Describe on demographic trend that threatens the future of the Social Security program and explain how it is responsible for the threat that you identified in (c )
(e) Explain how any one of the trends in the chart above would change if the age of eligibility for social security were raised.
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