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Social Security Act Pros And Cons

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The New Deal program I chose to research is the Social Security act. This has done a lot for the American people. Enacted under FDR’s first term, the Social Security Act acted as a relief of sorts, for the elderly, disabled, as well as other people in need. When FDR enacted the SSA, it came under scrutiny from his political opponents. The SSA was argued to kill jobs, as well as exclude both women and minority groups from obtaining the benefits of this act.
Despite coming under scrutiny, the SSA has its benefits. The SSA helps relieve certain groups of people from hardships they endure in their lives. For example, many elderly people cannot work for themselves, and as such, have no way to provide themselves with the necessary income to maintain a comfortable living environment. Many elderly and disabled people depend on Social Security to be able pay bills, rent, etc. Social Security is the kind of thing that many people in America depend on. …show more content…

Despite being a widely popular program amongst nearly all American people, it is a hot topic for debate on Capitol Hill. Talks of cutting Social Security benefits have caused a small uproar amongst the people and families of people that rely on their Social Security benefits to live. Both sides of the US political system, Democratic and Republican leaders have been trying to find compromises to potentially cut corners on the Social Security benefits many people rely on.
I feel that this program is in fact valuable today. Firsthand experiences of people who need Social Security have shown that it can be very valuable for people. My Great Grandmother collects Social Security. Without it, her financial situation would be severely hindered. It enables her to be able to pay the bills, car payments, medical bills,

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Social Security also gave financial aid to the disabled along with the unemployed. This act was crucial to the recovery to the nation because it gave people some financial stability and insured people

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Not only did it provide jobs, but it also distributed millions of hot meals to children. This meant that it saved parents money that they could entrust in banks and it also helped lower the all-time high unemployment rate. Based on doc 8 the social security act also helped provide jobs by removing the elderly from the work force. The SSA helped the elderly retire by sending them checks and allowing them to survive without having to work anymore. This allowed more workspace in the job market and also allowed the elderly to spend money and continue to contribute to the

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Some pros to having Social Security replaced is that the induvial has more control of its retirement fund then they will with Social Security. Private funds make Americans capable of making their own decisions about how their retirement contributions are invested. If Americans invest in private funds they are investing in private capital markets which can produce net increase depending on how the government handles the transition of Americans replacing social security with trust funds (Tanner). Although, private funds sound like a good replacement for social security “many people lack the basic financial literacy to make wise investment decisions on their own” (Privatizing Social Security). Social security has started to face many financial difficulties over the years and resorting to private funds would actually make the social security problem worse.

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“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).

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If there were no welfare state then we could have freeflow of people across the border. You could work, leave, follow the work. There wouldn 't be a net loss in terms of the tax dollar. You would not be paying taxes then taking benefits.

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However, there are some people today that abuse this financial aid to reap the benefits by injuring themselves which is unlikely but possible and by exceeding their stay on the free ride when they are healed up and ready to go back to work. Originally there was 37 million dollars distributed to the recipients of social security and now there is about 15 billion (ssa.gov). The government determines the amount of Social Security benefits a person receives based on lifetime earnings for their retirement. Disability benefits are based on average monthly income. Saying that, I do think that social security (governmental aid) is rightfully beneficial to the people who need it, but the way in which people are evaluated to receive money from the government should be more strict.

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The New Deal also opened soup kitchens were the unemployed could go to get a free meal. The New Deal also managed banks so the banks couldn’t spend money that they didn’t even have, and it also helped end the depression and helps prevent new ones from happening in the

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Now, Social Security is outdated and needs to be reformed. The Social Security Act was passed over 80 years ago. Since 1935 there have been many amendments to the Social Security Act, but it has never been reformed. It is still not up to date with the 2016 economy (“How Does the Social Security System Work?”).

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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.

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In my research, I’ve found that there happen to be more pros than cons to the act. With there being a lengthy list of them, I’ve dissected the list to two vital pros. One of those pros is that The Affordable Care Act helps to prevent illness among the youth in America through many law revisions. The Affordable Act allows youth to remain under their parent 's’ health insurance until the age of 26. Because of the Affordable Care Act, the percentage of uninsured youths fell from 48% in 2010 to 21% in 2012 and continues to drop to this day.

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With the influence of European systems, America created several different programs to help out the unemployed, injured workers, elderly, and minority populations. The state old age pension was the most active form of welfare before Social Security Act began. Over 30 states formed old age pension programs to help out the elderly, but they were inadequate and ineffective. Only about 3 percent of elderly were receiving benefits of .65 cents a day.

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Although there are many social welfare policies to choose from I think that the Social Security Act is the most important just based on the fact that is effects the lives of many people in society. The older retired members of society make up a large number and even though there are subcategories within that group, almost all are affected by the Social Security Act. Everyone who once contributed to Social Security should be entitled to receive that money back because that is why this particular act was put in place. Recent talk about the lack of funds has gotten many expecting beneficiaries of Social Security worried. The Social Security Act is important to me as a developing social worker because I think if a person was once promised something

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Every time a baby is born in the U.S. they are given a social security number. This number will continue to be important until the day that they die. Young people often do not know the importance of Social Security except the fact that it is used often for identification purposes. In recent years there has been a lot of talk surrounding the Social Security system and the current crisis that it is facing. Of course there are many possible solutions to combat this crisis, but none without their faults.

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Millions of Americans receive government aid such as welfare every year. Of those Americans who are on welfare, many are unemployed. Some people may need welfare because they don’t make enough money to support their families. However, the amount of money spent on welfare every year is tremendous. Welfare should be taken away from those who don’t work.

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