How might your suggested solution in Social Security be affected by social polices or government regulations?

Question

Choose a prevention strategy, and explain how it is applicable to the issue of problem. (social security). Suggest a solution for resolving this issue or lessening the problem.

Answer 1

I'm not sure I understand your question  - please add some details.   But here is my answer:

There is no significant problem with Social Security. The system is solvent on paper until 2042 or 2052 or maybe forever, depending on how the economy does and how much, if any, that life expectancies increase in the next 30+ years, and changes in demographics (how many children the current generation will have, who will be tomorrow's workers).  

The first thing to do is realize that our government is incapable of making good predictions about things that will happen more than 30 years from now.  

The second thing to do is that minor changes in the program, such as removing the cap on income subject to the FICA tax could fix the 2042 or 2052 problem, if their is one.  

The third thing to do is to identify the real problem which is this:  Congress has been borrowing the surplus money in the Social Security trust fund, every penny of which came from FICA taxes on worker's wages earmarked for their retirement, and Congress has no plan in place to pay the money back when it is needed to pay benefits.  - This is not a Social Security problem. It is a problem with the rest of the government which has resulted in run away deficit spending.   My solution: Roll back every tax cut for the rich since President Reagan, until the rest of the government is in good financial shape and can pay back the money borrowed from the social security trust fund.