Social Security Reform: Jeopardizing the Safety Net It is not difficult to understand why Social Security is our country’s most popular government program. Prior to its inception in the 1930’s‚ more than half the nation’s elderly lived in poverty. The program was designed as a social (old-age) insurance plan which provides a guaranteed income to retired and disabled workers whose loss of wages promises an uncertain economic future. I emphasize the word guaranteed‚ as this is the issue in contention
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The Social Security Act of 1935‚ signed by Franklin D. Roosevelt‚ created a program that included social insurance programs‚ as well as public assistance. Both programs came about due to the depression and were created as part of the New Deal to benefit the citizens who needed assistance. While both programs were created to assist the public‚ each program had different eligibility requirements and accomplished different tasks. Social insurance programs were designed to provide continuing income
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Outlook of Social Security Social security must change for the future challenges about to be faced. The social security administration has been here for almost 70 years. It is here to provide for retirement‚ disability‚ and survivor’s insurance. About 7.5 million people get monthly survivor benefits‚ and more than six million get disability. There are about 45 million people who receive retirement‚ survivors and disability benefits. For an average wage person with a family‚ social security
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The History of Social Security Since the beginning of time there has been a longstanding tradition of the workers supporting the elderly. This was practiced during biblical times‚ with the children supporting their parents‚ and has continued to the present day. As times changed and humans developed more as a society‚ it became apparent that everyone should be required to support those who cannot work. The goal in mind is to provide everyone with economic security. These principles helped bring
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lower earning counterparts. It is these very citizens that will most likely not rely solely on social security once retired as they are in the upper pay brackets but this should not exempt them from paying the same percentage as everyone else. This change will bring a steady flow of funds and can be altered when percentages are. The second adjustment I see promise in is raising the monthly SMI in Medicare from roughly $30 to $40. This is still very reasonable given that in present day society prices
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345 THE TROUBLE WITH TALENT: ARE WE BORN SMART OR DO WE GET SMART? ________________ KATHY SEAL Kathy Seal is a journalist and author who has written about education and psychology since 1985 for such publications as The New York Times‚ Family Circle‚ and Parents. Seal attended Barnard College‚ where she graduated magna cum laude. She is the author of two books: Riches and Fame and I the Pleasures of Sense (1971) and Motivated Minds: Raising Children to Love Learning (2001). "The Trouble with Talent"
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obtain Medicare is very comforting. Medicare is a federal health care program that was put in place by Congress in 1965 to provide health insurance to Americans sixty-five and above. Medicare was then expanded in 1972 to also cover younger individuals who are disabled (Kaiser‚ 2012). Traditional Medicare provides coverage to all Americans sixty-five and older without taking into account income. Prior to Medicare a whopping fifty percent of seniors lacked health coverage (Center for Medicare Advocacy
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Williams 16 September 2012 Social Security Social security is any government system that provides monetary assistance to people with an inadequate or no income. The United States government program established in1935 that provides old age‚ disability‚ and survivors insurance‚ as well as supplementary security income‚ an income for elderly or disabled people. Social security is important in the U.S. because it lifts 20 million people out of poverty. Social security has changed in the past few years
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Rolunda Baker Medicare Crisis Medicare is another project of Lyndon Baines Johnson Great Society. Spending is obviously out of control. On June 5th the government announced that the Medicare Trust Fund would go broke if something isn’t done with the spending (nationaldebt). In 1965 when LBJ started Health and Medicare‚ the Total Federal Spending for the year was $101 Billion. By the year 2000 we will spend over 4 times than amount on Health and Medicare alone‚ and Medicare will equal the annual
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History of Medicare HCS 530 Professor Michele Fletcher December 4‚ 2006 Background The Social Security system‚ which was created as an economic safety net for older Americans‚ was failing to protect them against the greatest single cause of economic dependency in old age which was the high cost of medical care. The need for a social insurance program to provide older Americans with reliable health care coverage started within the Social Security Administration
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