Social Security Trust Fund

Step One: SOCIAL SECURITY. The government program that I have decided to analyze is social security. With social security, the government makes direct payments to citizens. Step Two: A. What is the history of the program? The program of social security first began with something known as the Social Security Act of 1935 but it was originally called the Economic Security Act. The benefit payments and social security taxes only started in the beginning of 1937. Benefits for disabilities began in…

1935, President Franklin D. Roosevelt signed the Social Security Act. It was during The Great Depression of the 1930’s that the need for the poor and elderly to live independently was realized. This was a time when millions of Americans could not find work and did not have the money to feed their families. Franklin D. Roosevelt became president in 1932 during the Depression, which was the nation’s worst economic crisis, and proposed an idea of social insurance. This idea basically allowed…

agencies that existed then only assisted people who had fallen on difficult times were financed mainly from local funds, leaving the elderly with no support. The Social Security program was intended to be, and still is today, a social insurance program. It is a government-run program that provided economic security and general health care coverage to citizens. Individuals making Social Security private accounts can allow them to invest in their accounts which would, in turn raise economic growth…

and old age. There are different types of Safety Net Programs. There is social insurance is a trust fund, where payroll tax on what an individual’s earns and receive benefits are based on what they contributed in their lifetime. The next safety net program is means-tested. This is when someone has to prove that their income is low enough so they qualify to help with basic needs, an example is food stamps. Social Security is another example, but is run through the nation’s capital.…

The Pot Calling the Kettle Corrupt Many of the social ills in Central America are inadvertently caused by corporate and government crimes of the United States. Regardless, Human beings deserve the right to flee poor economic systems, and support from their peers while transitioning. The people of The United States need to hold elected officials accountable for their crimes; we must push for rights of all the innocent peoples often tastelessly referred to as “illegal immigrants.” Envision the…

size, with social programs and military power. Democrats felt as the government could be used for good and that social programs such as welfare, were the government’s job. Republicans felt as though it wasn’t the government’s job to provide social programs for the population, and a big government is dangerous to the people’s rights. During the depression, people were desperate for help, but as America’s prosperity grew people needed less of the Government. People started to not trust the…

the government makes and the laws, regulations, and other artifacts that result from these decisions, social policy is composed of decisions that affects the well-being of an individual, and social welfare policy is composed of the aspects of social policy that involve mutual aid or people helping people (McNutt & Hoefer, 2016). Throughout history, there have been numerous…

also happening during this time. Bank runs are when everyone runs to the bank to withdraw money. Bank failures are when the banks ran out of money so they bank using their customers reserved emergency funds. Bank panics are when banks suffer bank runs at the same time because people have lost trust and believes their bank may suffer a bank failure.Lastly, racism was still around during this time period. With racism still being in existence during this time there were racial riots and racial…

Great Depression. The three R’s, relief, recovery, and reform, were a way to categorize the agencies that saved people’s lives. The unemployment rate dropped dramatically as the economy flourished, and the greatest success of the New Deal was the security it gave to Americans. The Alphabet Agencies served many purposes, but they were all used to help Americans during the aftermath of the depression. One agency known as the Works Progress Administration (WPA), employed millions of people to…

I hope all of the class knows at least something about Franklin Delano Roosevelt, the Great Depression and his New Deal. Considering we just learned about it and had a test on it. But hopefully I can go over some details that we did not go over in class and share my take on the New Deal and how it was very successful both at the time and for the future. This is because it made up for Herbert Hoover’s mistakes, provided indirect and direct relief to millions, got America out of the Depression and…