Analysis Of Expanding Social Security Spending

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Expanding Social Security Spending In recent decades, entitlement programs have constituted a substantial portion of the United States federal budget. Social Security is the largest entitlement program in the United States. In 2013, the total Social Security expenditures were $1.3 trillion, 8.4% of the $16.3 trillion GNP (SSA.gov). There has been an issue in the White House of either opposing the cut in Social Security spending or advocating for a hike in payments. Expanding Social Security instead of reducing it would benefit seniors, especially considering America’s struggling middle class and that there are more impoverished people than ever before. Despite the retirement income crisis, Social Security should be expanded, not reduced. In Arthur Delaney’s article on the Huffington Post, Senator Bernie Sanders stated, “With the middle class struggling and more people living in poverty than ever before, we cannot afford to make life even more difficult for seniors.” A push to adopt CPI-E, rather than a switch to a “chained” consumer price index that cuts retiree benefits, would m...

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