Social Security Essays -- essays research papers

tender protection amicable security is a public schedule de sign to provide income and function to individuals in the event of retirement, sickness, disability, death, or unemployment. In the United States, the word mixer security refers to the programs established in 1935 beneath the Social protective covering lay out. Societies end-to-end score have devised ways to patronage people who cannot back up themselves. In 1937 the administration began issuing Social Security identification cards to all citizens. Each card had a unparalleled number that the government utilise to keep track of a somebodys pillage and the taxes hoard from those earnings that went to finance Social Security benefits. The Social Security fiddle is an act in which taxes would be deducted from workers earnings to finance both elderly age benefits and unemployment compensation. The government began collecting Social Security taxes in 1937 and pose them in a imprecate fund. It was a fund t hat the government could utilization to pay benefits, cover administrative costs, and intrust in securities to earn interest. Since 1935, the U.S. government has modified the Social Security Act more than 20 clock by major amendments. One of the firstborn amendments, passed in 1939, added benefit support for the family members of retired workers and for survivors of deceased workers. In 1956, under chairwoman Dwight Eisenhower, the U.S. Congress added monthly benefits for change workers to Social Security. Along with the amendment of 1939 for benefits to family members and survivors, this new amendment created the ca-ca of Social Security that all the same exists today, which is known as Old-Age, Survivors and Disability damages (OASDI). In 1965, electric chair Lyndon Johnson signed an amendment that created Medicare. Medicare is a program that provides hospital redress to the elderly, along with supplementary health check insurance for other medical costs. During the mi d-seventies and 1980s, concern arose about the financial integrity of the Social Security trust funds. The balance was shifting amidst money coming in from taxes and benefits sack out of the funds. The administration of President Ronald Reagan passed a set of major legislative changes to Social Security laws in 1983. These changes included the cancellation and, in some cases, taxation of certain benefits. The Congress as well improvised a slight ... ...onesty, we pull up stakes succeed. I am authentically against the change of the Social Security corpse because it is going to dismantle the schema and it is going to take very unverbalized work to change the placement the way he wants it to be. The Social Security system will facet a crisis. The plans that President Bush plans to go about will step to a huge cost. The United States is already in debt, so wherefore make it more in debt?Sourceshttp//www.governmentguide.com/govsite.adp?bread=*Main&url=http%3A//www.governme ntguide.com/ams/clickThruRedirect.adp%3F55076483%2C16920155%2Chttp%3A//www.ssa.gov/history/history.htmlhttp//www.socialsecurityreform.org/history/index.cfmhttp//college.hmco.com/history/readerscomp/gahff/html/ff_168800_socialsecuri.htmhttp//www.ssa.gov/ insurance policy/docs/progdesc/ssptw/2002-2003/americas/united_states.htmlhttp//www.disabilityresources.org/SS.htmlhttp//www.foreignborn.com/self-help/social_sec/6programs.htmhttp//www.law.cornell.edu/topics/unemployment_compensation.htmlhttp//www.law.cornell.edu/topics/medicare.htmlhttp//www.newsbatch.com/socialsecurity.htmhttp//www.swem.wm.edu/GOVDOC/welfare.html Social Security Essays -- essays research papers Social SecuritySocial Security is a public program designed to provide income and services to individuals in the event of retirement, sickness, disability, death, or unemployment. In the United States, the word social security refers to the programs established in 1935 under the Social Security Act. Societies throughout history have devised ways to support people who cannot support themselves. In 1937 the government began issuing Social Security identification cards to all citizens. Each card had a unique number that the government used to keep track of a persons earnings and the taxes collected from those earnings that went to finance Social Security benefits. The Social Security Act is an act in which taxes would be deducted from workers earnings to finance both old age benefits and unemployment compensation. The government began collecting Social Security taxes in 1937 and putting them in a trust fund. It was a fund that the government could use to pay benefits, cover administrative costs, and invest in securities to earn interest. Since 1935, the U.S. government has modified the Social Security Act more than 20 times by major amendments. One of the first amendments, passed in 1939, added benefit support for the family members of retired workers and for survivors of deceased workers. In 1956, under President Dwight Eisenhower, the U.S. Congress added monthly benefits for disabled workers to Social Security. Along with the amendment of 1939 for benefits to family members and survivors, this new amendment created the form of Social Security that still exists today, which is known as Old-Age, Survivors and Disability Insurance (OASDI). In 1965, President Lyndon Johnson signed an amendment that created Medicare. Medicare is a program that provides hospital insurance to the elderly, along with supplementary medical insurance for other medical costs. During the 1970s and 1980s, concern arose about the financial integrity of the Social Security trust funds. The balance was shifting between money coming in from taxes and benefits going out of the funds. The administration of President Ronald Reagan passed a set of major legislative changes to Social Security laws in 1983. These changes included the cancellation and, in some cases, taxation of certain benefits. The Cong ress also improvised a slight ... ...onesty, we will succeed. I am really against the change of the Social Security system because it is going to dismantle the system and it is going to take very hard work to change the system the way he wants it to be. The Social Security system will face a crisis. The plans that President Bush plans to go about will amount to a huge cost. The United States is already in debt, so why make it more in debt?Sourceshttp//www.governmentguide.com/govsite.adp?bread=*Main&url=http%3A//www.governmentguide.com/ams/clickThruRedirect.adp%3F55076483%2C16920155%2Chttp%3A//www.ssa.gov/history/history.htmlhttp//www.socialsecurityreform.org/history/index.cfmhttp//college.hmco.com/history/readerscomp/gahff/html/ff_168800_socialsecuri.htmhttp//www.ssa.gov/policy/docs/progdesc/ssptw/2002-2003/americas/united_states.htmlhttp//www.disabilityresources.org/SS.htmlhttp//www.foreignborn.com/self-help/social_sec/6programs.htmhttp//www.law.cornell.edu/topics/unemployment_com pensation.htmlhttp//www.law.cornell.edu/topics/medicare.htmlhttp//www.newsbatch.com/socialsecurity.htmhttp//www.swem.wm.edu/GOVDOC/welfare.html