Each and every working citizen of the United States pays into a social security fund to provide for the retired and disabled, and eventually to provide for themselves. Looking to the future, many depend upon social security as their “retirement plan” . . . but should they? Unless a serious reformation takes place, the social security system may be bankrupt by 2033. Shockingly, this bankruptcy has been predicted for decades. Then why has the problem not been fixed? Is it already too late? Fortunately, the social security system can be reformed over a period of time through a very detailed, comprehensive process. First, some background information must be given in order to understand the problem. As the body ages, one is no longer able to work, and, therefore, cannot provide for himself. There is a need for someone to provide for the …show more content…
Ellis explains, “The justification for Social Security is based on the humanitarian concept that financial distress in old-age, poverty and illness can and should be alleviated by the Government.” The socialistic idea that governmental control is necessary in every aspect of life is evident in the social security system. However, as a nation, America has consistently proven in every aspect of life that capitalism trumps socialism. Americans have seen great success, specifically in medical advances, in the private sector. Some feel that the government must be involved in medical care because people are not responsible enough to save for their future. Sherwin Rosen, co-author of The World Crisis in Social Security, feels that replacing private investment with government controlled investment compounds the problem by reducing investments in the private market. Minimizing governmental involvement would provide for greater reform in the social security system and greater involvement in private investment
The SSA was the first time that the government gave money to help people who needed it. I think it was necessary to end the depression and many of the people who the SSA helps cannot help
Before the New Deal, many conservatives often found the idea of social security to be frowned upon because of the misuse of hard working tax money going to waste. This was a significant change because throughout the great depression, the federal government was not heavily relied on for support within the workforce until after the New Deal programs were put into effect. In times of need,
“Our national system of social security, conceived and developed by the Democratic Party, needs to be extended and improved.” (Democratic Party Platforms), this excerpt from the 1952 Democratic Party Platform. It states that Democrats believe that social security is an important issue that needs to be expanded on. Here is another quote from the 1952 Democratic Party Platform that shows Democratic support for social programs “The welfare of all economic and social groups in our society has been promoted by the sound, progressive and humane policies of the Democratic Party.” (Democratic Party Platforms).
The Social Security Act, or SSA, was an act to help prevent the elderly, unemployed, disabled or orphaned Americans from becoming poor and unable to support themselves. “Social Security” was a pension plan that would provide funds for these people in these types of situations. This program has lasted until today, where those who are eligible receive money from the government. The National Recovery Administration was “created by the National Industrial Recovery Act in June 1933” (Unit 3 Lesson 5), and was used to stabilize business and increase employment rages and higher wages. It would also ensure better working conditions.
While many of his legislature was abandoned or replaces in the 70’s and 80’s, there remains one that stands above all in its importance. The Social Security System is
putting the security of these civilians a risk, defeats the whole purpose of social security, which is why the privatization of Social Security would be foolish. A major risk of privatization is that the transition from a “pay as you go” system to a fully funded system would be very difficult to manage, for many reasons. Currently, the taxes paid by each generation of workers fund the retirement benefits of the previous generation of workers. While each generation of workers has been confident that its retirement would be financed by the next, this confidence is eroding (Pollard 1).
It also offers many other benefits for children, widowed and disabled Americans. Social Security is a federal agency that fights old-age poverty. The primary source of the Social Security poster gives lots of information. It explains that it can offer, “a monthly check to you for the rest of your life, beginning when you are 65”.
The implementation of the Social Security Act was to provide a cushion and support for millions of American citizens after depletion of goods with surplus mounts of depression and recession. However, the original form of the law enacted in 1935 was to support and give benefits to retirees. The policy held government to be responsible for the welfare of the citizens. The Social Security Act brought expectation for better quality of life for humanity after much detriment.
Bernstein’s account of social security is more accurate, because of the fact that only 80 percent benefited from the social security programs. Those included, unemployment insurance, benefits for children, such as medical assistance needed, and Retire benefits. Bernstein “exaggerates” for the good things that he will do in the United States, and the people are leaving out. Those included farm workers, domestic help and sharecroppers. The programs like the social security didn’t really benefit the people and the new deal was not looking so great.
This is because social welfare has a large impact on society and how well a country is doing. As a result, we went with the Social Security Act because of its significance in America’s development, bringing the Free World out of such a depressing time full of hardships and easing the minds of
Christopher, Greed was differently the driving factor of the imbalance between the wealthy and the common people. Social Security definitely did help the economy. When those of age 65 and over would retire, it would lead to job positions opening up, which led to new people being hired. It wasn’t really new demand, as younger people would replace the older ones. When people would receive their pension check it wasn’t very much.
However social security is in need of reform to revamp its effectiveness and prevent it from running out of funds. I believe this can most effectively be done by raising the cap of how much of an individual's income is contributed to their social security and by raising the age of retirement to accommodate the current and ever elongating average life expectancy. Not to mention he set the first ever national minimum wage, a cornerstone of
As time goes on, less money will have to be spent on long term aid, and can be focused on the elderly, children, and any short term assistance needed. Welfare needs to be reformed, and eventually even abolished, to make sure the social and economic decline it causes does not
Education Reforms Education reform is legislation to improve the quality of education in the United States. Once, grades were the most important achievement for students. However, politicians and the public were concerned that our standardized test scores were not as good as those of other countries. Therefore, state and national governments started making laws to make school more challenging and to test kids more. One of those laws was “No Child Left Behind”.
Should I Stay or Should I Go: The Assisted Living Dilemma Assisted living is a salvation of sorts for many seniors, but for others the transition can be quite painful. Assisted living affords your loved ones a freedom of lifestyle and choices with the safety and convenience of constant medical care, social support and functional daily living assistance. Yet, this care often comes with the heavy emotional cost associated with downsizing homes. Many seniors have no interest in leaving the home they spent a lifetime building and prefer to "age in place".