Social Security in 2080

p The World as we know is fast becoming a global village with the latest improvement in every sector in the society . For us to prevent future mishaps , it is paramount for us to look ahead into the future and plan This actually is the purpose of Social Security Predictions . Considering the present economic recession in the States , my prediction for the year 2080 is quite unrealistic . The 2080 prediction is a long run project This involves all sectors constituting the United States Economy- I mean Finance , Health , Defence , Food Production and other

sectors of the economy . The population of the United States society would have skyrocketed about that time . The then economic state would be trying to cope with the increase in the population

The 2 predictions are in the area of the

1 . The Economic State of the Country

The benefits that are scheduled to be paid to future recipients under current law could be reduced , lowering Social Security 's contribution to their income

B The taxes that fund Social Security could be raised to draw additional resources from the economy to the program

B The resources consumed by other federal programs could be reduced to cover the gap between Social Security 's outlays and revenues

B The federal government 's borrowing could be increased , which would be another way to draw more resources from the economy to Social Security That borrowing would need to be repaid by future generations , however either through increased taxes or reduced federal spending...