Safety Net Program:
Social Security
Year Established: 1937
Background:
Social Security-is the foundation of economic security for millions of Americans
President Franklin D. Roosevelt .
Democrat
Function:
The program is based on contributions that workers make into the system
The Social Security Admin impairment listing manuals (called the blue book) lists a number of impairments both physical and mental
To qualify for social security you must have worked long enough in jobs covered by social security.
Cost:
Workers pay 6.2 percent of their earnings up to a cap, which is $127,200 a year
Social Security is primarily funded by payroll taxes assessed on wages in United States.
Criticism
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What ideas exist for reforming this program and what are the sources of such ideas?
Opinion:
This program was very helpful to many people and is still helpful today to people in other countries .
Safety Net Program:
Earned Income Tax Credit (EITC)
Year Established: __________
Background:
Why? (What’s the purpose of this program)
U.S. President at the time this program was established
Which political party controlled Congress when this program was established?
Function:
How does it work?
Who receives services or is eligible to receive services?
What are the requirements of this program?
Cost:
What is the cost of this program to the Federal (National) government?
How is this program funded?
Criticism & Ideas for Reform:
What criticism exists for this program and what is the source of such criticism?
What ideas exist for reforming this program and what are the sources of such ideas?
Opinion:
This program was very helpful to many people and is still helpful today to people in other countries .
Safety Net Program:
Temporary Assistance for Needy Families (TANF)
Year Established: