| The purpose of this study is to determine the probable effects on the Social Security system if the George W. Bush Social Security plan is implemented.; Background information about the program is provided, as well as an overview of the present state of the Social Security reform debate. Both extremes of the debate are presented to gain an understanding of the climate in which the Bush plan is offered, and in which this inquiry takes place.; In order to conduct this study, the researcher employed the historical research method.; Major findings include that the proposal would likely result in decreased levels of retirement income for most Americans, destroy the progressive nature of present system, cause many workers to lose a portion of the money that is invested in personal accounts, which will require a government bailout, and will likely benefit only Wall Street brokers and insurance companies. |
