Social Security:Public Again
President Johnson announced in a press conference on Monday at
the White House that he was considering ways in which the government
can implement a form of semi-public Social Security. If successful, it
would be the first time since 2011 that any form of public Social
Security would be in effect.
The announcement has been expected for several months, but hasn't
been made until earlier this week. Johnson has been questioned on the
topic many times in recent months but has given an "I'll look into it"
answer ever time. Monday marked the first time that the government
showed any signs of deliberation on the topic.
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Social Security was privatized in March 2011 due to the increasing
amount of retirees every year. By 2010, there were over 20,000
retirees receiving full benefits, more than double the amount in 2000.
After the privatization of Social Security, that number was cut in
half and slowly decreasing.
New laws require that in order to be eligible for full Social
Security benefits, one must be at least 75 years of age, an enormous
increase from the required 62 in 2000. Many have attributed this
increase to the ever-growing number of Senior Citizens, a feat made
possible by the many marvels of modern medicine.
Johnson says that he is hoping for every citizen over the age
of 85 to be eligible for full Social Security benefits. "The way
things are going now, if you're 85 years old and you don't have Social
Security benefits, then I as a president am doing something wrong," he
said on Monday. "No Senior Citizen 85 years and over should be living
without pay, plain and simple, and I'm doing everything I can to bring
the full benefits of private Social Security to these people."
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