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B2IshaniResearchNotebook

Apr 20 2023

How the Debt Affects Social Security

“How Does Social Security Work?” Peter G. Peterson Foundation, Peter G. Peterson Foundation, 19 Apr. 2023, https://www.pgpf.org/budget-basics/how-does-social-security-work. 

Graph: 

Summary/My Interpretation: One of the most controversial social programs in the US is the existence of social security. More specifically, while the program provides a function many deem essential, it receives much criticism due to the fact that it runs a huge deficit. It is estimated that Social Security alone will contribute nearly $2.9 trillion to the federal deficit if the program remains on its current track.
How I Plan To Use This In My Project: I plan to use this graph to explain why social security will be one of the first programs to be cut if the debt continues to grow. By demonstrating how much the program contributes to the deficit, I can then explain more clearly why the US government would want to cut this program first.

Written by zishani3 · Categorized: Uncategorized

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