Ashley Trosin American Government 4/21/12 Social Security Reform By the mid-2020s, in addition to the 12.4% Social Security payroll tax, taxpaying workers would need to finance another $200 billion a year (in 2010) in Trust Fund bond redemptions just to keep full benefits flowing. (FDCH Congressional Testimonial) Many people are worried that by the time they need to retire, the social security system will be depleted. Such a beneficial system cannot be allowed to fail. All wages should be taxed for social security so that the shortfall in social security will be covered, the percentage of wages taken from wealthy and poor workers would be fair, and people will be able to continue using social security. The amount of beneficiaries needing support from social security is only rising.
The first answer is to increase income by raising the percentage taken out of workers' paychecks for Social Security. The second answer is to reduce spending by cutting the amount paid out in Social Security benefits. Neither of these solutions are simple in reality, since raising taxes is never a popular political decision, and cutting Social Security benefits will negatively affect retirees. The raw numbers bring these potential changes into perspective: According to the Trustees' report, an increase of 1.89 percent in the Social Security payroll tax would keep the account full for the next 75 years. To achieve similar results, benefits would have to be cut 13 percent.
“The HOPE Book Allowance will change on July 1 as required by current law,” (Shearer pg1) meaning essentially that it would be cut in half to $150 from $300. There are rumors that they might try to raise the GPA required to obtain the scholarship; that would cut many people from even receiving the scholarship in the first place. The cuts will affect every one now and well into the future. The future of the scholar ship is bleak if the amount of spending continues. The program might lose the book allowance altogether and many of the benefits will be reduced.
Debt Is Piling Up Faster for Most Graduate Students--but Not MBAs Keywords: graduate student debt; MBA debt; MBA tuition; New America Education Policy Program; student loans A New America Foundation study says typical graduating MBAs had the same debt in 2004 as in 2012; other graduate students bore heavier loads Financial Aid Career & Work A degree from one of Bloomberg Businessweek's top 10 MBA programs will set you back more than $111,000 on average, at least before financial aid. If that kind of price tag causes you to break out in hives, you're probably not a prospective MBA: New research shows the median debt load of a business school grad remained steady from 2004 to 2012, even as tuition costs increased, indicating that MBAs
Extending the school day and year would run up expenses for utilities, building maintenance and salaries for teachers and staff at a time when budget holes are being filled with temporary sources of money. The state's 2009-10 K-12 budget needed an infusion of more than $900 million in stimulus money, while the local district received more than $9 million in stimulus money to stabilize its budget. A voter-approved property tax increase also will bring in more than $13 million to preserve programs, including elementary school art and music, that were in jeopardy or cut during a budget shortfall. "On the face of it, I think we need a longer day, and I could go for 20 more days to extend the year," Alachua County Schools Superintendent Dan Boyd said. "However, I am not in favor of more federal intrusion into the state function of providing public education.
Without a college degree anyone could end up not be able to provide for themselves or family. Then, the next question is is a college degree still necessary to be successful in the “American Dream”? A college degree is not necessary because a college degree will not always guarantee employment, will not make you more employable than the next, and it creates debt. A college degree is not necessary because many people have developed skills and became successful without college. How can we as people apply ourselves to the “American Dream”, if we are paying back student loans that could take over 10 years plus.
III. The new immigration reform is said to going to cost approximately $5.3 trillion dollars. A. It is said that the bill will increase GDP $1.5 trillion dollars in 10 years, and Increase personal income and raise an additional $4.5-$5.5 billion dollars in Tax revenue in the first 3 years of implementation of the new bill. B.
The plans, while looking to save money overall, will cause an increase in taxes of citizens (Obama Care). The acts looks to cover millions of Americans who are uninsured. The United State Census reported that in 2013 about 13.4% of Americans are uninsured (Resnikoff). With these citizens insured, it could save most out of pocket costs. With citizens being insured, it could help with the medicalization
In Marijuana Policy Project. Retrieved November 8, 2011, from http://www.prohibitioncosts.org/mironreport.html C. Relate to the Audience a. Just imagine if the money we used to hold these individuals could be put back into the economy or better yet the education system. How many more scholarships or financial aid packages could we be receiving if there was a small percentage of that 7 billion dollars distributed amongst the college systems. D. Credibility Statement a. I can only imagine what a few hundred or even a thousand dollars would do for me and my family to assist us in paying my college tuition bill.
COLLEGE TUITION FEES Is the future of California important? In order to build a stronger California, a more educated work force needs to be supported, and college tuition increases must stop. State funding for California state universities has already dropped 30 percent in five years (Crawford). California should decrease the cost of college tuition because less affordable education causes a decrease in college enrollment, increased prices leads to more low quality jobs, and education should be paid for by wealthier taxpayers. Less affordable education causes a significant decrease in college enrollment.