Social Security in the United States: An Analysis and Appraisal of the Federal Social Security Act
Social Security in the United States: An Analysis and Appraisal of the Federal Social Security Act
An informative treatment of the original Social Security Act and the steps leading to its enactment, as well as some of its effects and an early appraisal of its future.
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Categories: Social security act Tags: Analysis, Appraisal, Federal, Security, Social, States, United
“PRESIDENT ROOSEVELT “SIGNING SOCIAL SECURITY ACT PHOTO
2153 FIRST DAY COVER COVER CRAFT SOCIAL SECURITY ACT
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Official 1st Day of Issue: US Stamps: USPS #2153 (A1536): SOCIAL SECURITY ACT
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FDC Scott #2153 ~ 22c Social Security Act ~ Fleetwood Cachet ~ 1 Stamp
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The Social Security Act turns 75 this month – here’s the kick off to the celebrations: http://bit.ly/cj9yJU
The Social Security Act turns 75 this month – here's the kick off to the celebrations: http://bit.ly/cj9yJU – by NYSLabor (NYS Dept of Labor)
Categories: Social security act Tags: celebrations, Heres, http//bit.ly/cj9yJU, kick, month, Security, Social, This, turns
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The Demise of Social Security
Social security in the United States began in 1935 with the social security act signed by President Roosevelt. The idea was a noble one, and the elderly applauded the idea of economic security after their working years were finished. Over the years many changes have been made to social security, but the idea of taking care of the older portion of the population has stayed the same. The funds set aside for retirement have been shifted around and used for different things over the years, but the government has always tried to have reserves in place to continue to take care of retirees regardless of what happens with the economy. Today we are at a crossroads with the program that may lead to its demise if we don’t do something immediately.
There are opposing views to the need for social security that are as old as the program is. One side of the debate claims that the needs of the elderly cannot be ignored, but the other side sees the program as a move toward socialism. Capitalists claim that social security is a program provided by a government that doesn’t believe its people can take care of themselves. That the government takes a portion a person’s wages against their will, only to return it years later because the person is too irresponsible to save the money themselves. If wage earners were to take the same amount of money from their own paychecks and put it in a savings account, or invest it; the return at retirement would be almost twice as much as the government gives them for social security.
Today, the program is bankrupting the country. Years ago the government began using the funds collected for social security for other things and now relies heavily on the working population to pay for the needs of retired Americans. The pay as you go system seemed to work for a long time and freed up funds for the government to do other things, but the lack of future planning has now put the program in serious jeopardy. The baby boomer generation is reaching retirement age; which means there will be more retirees and a smaller work force to support them. New projections show that social security will pay more out than it brings in by 2017.
Medicare is facing similar problems, but it is much further along. The government already pays out more than it brings in and estimations show that the country will not be able to afford it at all by 2020. Ameriplan offers an alternative to government healthcare at an affordable price, but there isn’t an alternative to social security besides people saving for retirement on their own. Environmental initiatives and other entitlement programs threaten to bring bankruptcy ever closer, and the economic downturn is speeding the process up.
The government is considering many solutions to the problem, but no one solution will make everyone happy. Raising the retirement age from 65 to 72, or lowering the amount of benefit checks are both being considered. Either way, we can’t continue on the path we are on for much longer without risking the complete collapse of the social security program. People in younger generations are already being taught that their retirement security is in their own hands and many have begun saving on their own. No one wants to see the elderly lose the support they need to live out their golden years, but we would all be better off if we just accept that we can’t rely on the government forever.
I have been working with healthcare and Ameriplan USA for several years. Most people find these subjects boring, but the U.S. spends $.10 of every dollar on these 2 things.
Categories: Social security act Tags: Demise, Security, Social
How does the social security administration define “disability”?
“Disibility” is defined by the Social Security Act as the inablity to perform substantial gainful activity because of physical and/or mental impairments that have or can be expected to last for 12 continuous months or result in death.
Categories: Social security act Tags: Administration, define, Disability., Security, Social
FDR Social Security Speach Aug 14-1935
Franklin Roosevelt’s speech after signing the social security act in 1935.
Categories: Social security act Tags: 141935, Security, Social, Speach
History of the Social Security Administration
For the last twenty years, there has been a lot of talk in America about Social Security. Some people think it’s a great program that should be preserved. Others question its need and believe that people should be able to keep all of the money they make without having to put it aside. Regardless of how you feel about the Social Security debate, it’s important to understand how it began. Many people don’t consider this far back, but history is a great way to understand current events. In this article, you will learn the basics about the history of the Social Security Administration.
The Social Security Administration was formed in 1935. President Franklin D. Roosevelt signed in the Social Security act as part of his New Deal. The New Deal was one of the more controversial chapters in American history. It was Roosevelt’s answer to the problems of unemployment and poverty that came along with the Great Depression. Social Security gives benefits to people who have retired, people with disabilities, and survivors of various tragedies and crises. When we think of Social Security benefits now, we usually think of retired people. When someone retires, they usually look to Social Security benefits as being a part of their income.
The Social Security Administration has seen a lot of debate since it first formed. Many people in the US take this program very seriously and are thankful for it. The problem, however, is that as our nation goes deeper into debt, many people worry that the Social Security money will no longer be there. This has been the core of the current debate. While no president has ever tried to get rid of this federally sponsored benefits program, several presidents have tried to alter how we can use our personal Social Security benefits and how the benefits are administered.
When it comes to the future of the Social Security Administration, no one really knows what will happen. Will the future generations have benefits to collect? Who will take care of the retired? Will there be another program to take its place? Perhaps there is even a way to rehabilitate Social Security. These are turbulent times, and this benefits program is under question, as are many government programs. One thing for sure is that Social Security has been an important chapter in American history and certainly influences the way we see the role of the federal government in the people’s lives.
If you plan on filing a disabilty claim in Nashville you may need a nashville social security disability lawyer. Downard Law has many years of experience helping citizens that need Social Security in Nashville TN.
Categories: Social security act Tags: Administration, History, Security, Social
Ida Mae (:60)
It was 1935 when FDR signed the Social Security Act: [FDR speaking] It seems to me that if the Senate and the House of Representatives had done nothing more than pass this Social Security Act, the session would be regarded as historic for all time. And historic it was. But from the beginning, Social Security was never meant to be the sole source of retirement income. [FDR speaking] We have tried to frame a law which will give some measure of protection to the average citizen and to his family against poverty-stricken old age. Like the man said, Social Security would provide some help; the rest was up to us. Ida Mae Fuller knew that, she received the first monthly Social Security check for $22.54. Good thing she had other savings, because she lived to be 100 years old. Here’s hoping we can all afford to live as long as Ida. Choose to Save because that’s the way it is.
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#2153 22c Social Security Act - ArtCraft/PCS FDC
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