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This week discussion consists covering chapter 17 and converging the Social Security and the US Deficit on page 411 The fiscal policy of the United States has left the Social Security with 41 trillion deficit Our government has been barrowing from the Social Security Trust Fund and currently has no formal plan on how to pay this money back to Social Security system United States is currently in economic recession and the current government is barrowing large vast amount of funds to stimulate the economy however there is currently no plan to pay back any of the money needed to fund the Social Security Trust Fund in the near future With the United States current debt of 16 trillion and continuing raising every minutes how and when a recover does accrue what plan if any does the United States Government have to repay the Social Security Trust Fund in still have not been answer other than it will be paid for down the road The trust fund is expected insolvent by 2036 and 2041 Chapter 17 states a country debt may not be a bad thing as long the government is stimulating the economy in turn more new taxes can be collected so it this is case then our national leaders are hope stimulating the economy will solve Social Security Trust Fund in the future The taxpayer in the economy will be the success for economic growth intern success of Social Security Trust Fund However deficit causes the dollar to lose value and this will cause the tax player to pay even more with the large deficit the United States owes and one day all loan most be paid back Chap 17 even goes into the fact that government accountants do no audit the country as a business for return on invest and there not a necessary return on a dollar for every program the
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