--- title: "During his second term, what problem did George W. Bush attempt to address by calling for the privatization of Social Security?" description: "During his second term, what problem did George W. Bush attempt to address by calling for the privatization of Social Security?" author: "Howard fuller" published: 2018-05-20 canonical: https://answers.mindstick.com/qa/42693/during-his-second-term-what-problem-did-george-w-bush-attempt-to-address-by-calling-for-the-privatization-of-social-security category: "history, politics & society" tags: ["usa history"] reading_time: 2 minutes --- # During his second term, what problem did George W. Bush attempt to address by calling for the privatization of Social Security? During his [second term](https://answers.mindstick.com/qa/30579/name-the-president-who-has-won-for-the-second-term-in-runoff-election-of-slovenia), what [problem](https://www.mindstick.com/forum/263/drop-down-list-problem) did George W. Bush attempt to address by calling for the privatization of [Social Security](https://www.mindstick.com/news/1962/massive-data-breach-being-faced-by-samsung)? ## Answers ### Answer by Vishal Kesarwani President Bush examined the significance of [Social](https://www.mindstick.com/articles/44257/the-impact-of-social-media-on-lawsuits) [Security](https://www.mindstick.com/articles/1671/wcf-security-in-dot-net-technology-using-c-sharp) and the need to settle the Social Security framework for future ages of Americans. **The President has guaranteed Americans that he won't change the Social Security framework in any capacity for those conceived before 1950.** ![During his second term, what problem did George W. Bush attempt to address by calling for the privatization of Social Security?](https://answers.mindstick.com/questionanswer/41f55db0-e8c6-4434-81fb-608256d4878e/images/36e1a576-571b-4609-94de-c324d2af1243.jpeg)**\** Government disability was one of the considerable good triumphs of the twentieth century by giving a basic establishment of salary for resigned and handicapped specialists. For 33% of Americans more than 65, Social Security benefits comprise 90% of their aggregate salary \ **Foundation on Presidential Action** The government managed savings is sound for the present seniors and for those nearing retirement, yet it should be settled for more youthful specialists – our kids and grandkids. The legislature has made guarantees it can't stand to pay for with the present pay-as-you-go framework. In 1950, there were 16 specialists to help each one recipient of Social Security. \ Today, there are just 3.3 laborers supporting each Social Security recipient. **In 2008 – only three brief a long time from now – people born after WW2 will start to resign. What's more, throughout the following couple of decades,** individuals will live more and advantages are booked to increment drastically. When the present most youthful specialists turn 65, there might be 2 laborers supporting every recipient. \ \ **"All the best"** --- Original Source: https://answers.mindstick.com/qa/42693/during-his-second-term-what-problem-did-george-w-bush-attempt-to-address-by-calling-for-the-privatization-of-social-security Copyright © MindStick Software Pvt. Ltd. This Markdown version is provided for developers, AI systems, and offline reading.