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→Pro's and cons of social security: grammer
In 2005 President Bush proposed a privatization program that would allow people to control their own Social Security accounts, especially by investments in the stock market. He argued that the stock market provided higher rates of return. The proposals got little support and were dropped. The stock market collapse in the [[Recession of 2008]] chilled enthusiasm for similar proposals, and no prominent politician in 2009 is proposing privatization.
In 2005 President Bush proposed a privatization program that would allow people to control their own Social Security accounts, especially by investments in the stock market. He argued that the stock market provided higher rates of return. The proposals got little support and were dropped. The stock market collapse in the [[Recession of 2008]] chilled enthusiasm for similar proposals, and no prominent politician in 2009 is proposing privatization.
==Pro's and cons of social security==
==Pros and cons of social security==
This is a list of the most common arguments used in favour of, and against social security, some may not apply to American social security, since it is not as extensive as that of other developed nations.
This is a list of the most common arguments used in favour of, and against social security, some may not apply to American social security, since it is not as extensive as that of other developed nations.
===Pro's===
===Pros===
====Safety Net====
====Safety Net====
* Guaranteed affordable health care for everyone over 65.
* Guaranteed affordable health care for everyone over 65.
* Social security decreases extreme poverty, which in turn decreases crime <ref>Poverty, Income Inequality, and Violent Crime: A Meta-Analysis of Recent Aggregate Data Studies <i>Ching-Chi Hsieh</i> [http://cjr.sagepub.com/cgi/content/abstract/18/2/182]</ref>.
* Social security decreases extreme poverty, which in turn decreases crime <ref>Poverty, Income Inequality, and Violent Crime: A Meta-Analysis of Recent Aggregate Data Studies <i>Ching-Chi Hsieh</i> [http://cjr.sagepub.com/cgi/content/abstract/18/2/182]</ref>.
===Con's===
===Cons===
* Individual Empowerment: individuals would have more motivation to work hard and succeed, this does however doesn't benefit the disabled and the economy is unpredictable (recessions).
* Individual Empowerment: individuals would have more motivation to work hard and succeed, this does however doesn't benefit the disabled and the economy is unpredictable (recessions).
* Some individuals will get "lazy" and choose not to work, only costing society.
* Some individuals will get "lazy" and choose not to work, only costing society.
==Further reading==
==Further reading==
* Beland, Daniel. ''Social Security: History and Politics from the New Deal to the Privatization Debate'' (2007) [http://www.amazon.com/Social-Security-Politics-Privatization-Government/dp/0700615229/ref=sr_1_14?ie=UTF8&s=books&qid=1256563533&sr=1-14 excerpt and text search]
* Beland, Daniel. ''Social Security: History and Politics from the New Deal to the Privatization Debate'' (2007) [http://www.amazon.com/Social-Security-Politics-Privatization-Government/dp/0700615229/ref=sr_1_14?ie=UTF8&s=books&qid=1256563533&sr=1-14 excerpt and text search]