Income Support Policies

Topics: Welfare, Temporary Assistance for Needy Families, Policy Pages: 2 (720 words) Published: August 1, 2013
Louis Villegas
Ethics and Social Justice 220
Argosy University
July 28, 2013
Assignment 2: Income Support Policies
Social Security was established in 1935 and has been the largest social welfare program in the United States since. Its intended outcomes and funding comes from mandatory insurance system that levies a tax on payrolls and matched funds with the contributions of employers that are kept in a trust fund that pays retirement pensions based on prior earnings in the labor market. The targeted population is for workers that have reached the age of 66 or born after 1942. They receive a pension through the social security program, but also through private supplemental savings and pensions (Jillian Jimenez, 2012). Liberals believe Social Security should be protected because it contributes as a safe keeping for our countries low-income and homeless. They believe that making changes to the Social Security policy would decrease people’s benefits and our nation’s population would become devastated. On the other hand Conservatives think that Social Security is being jeopardized by lack of money. Change is needed. They believe that Social Security is currently unstable with the amount of money coming in. If the nation can’t fix what is wrong then our nation’s population will become devastated as a result from it. They also believe in the fact that if we are able to keep track of our contributions to our own pensions and savings then there’s hope for Social Security. Both Liberals & Conservatives agree with the fact that something has to be done to reassure that we will have Social Security pensions for our retired workers. They are both concerned with the suffering of our nation’s population. Liberals don’t want to see change happen to our Social Security policies whereas the Conservatives are willing to make changes to the policy if it contributes to the improvement of the systems financial troubles. Temporary Assistance for Needy Families (TANF) was...

References: http://www.studentnewsdaily.com/conservative-vs-liberal-beliefs/
http://www.ssa.gov/policy/
http://www.ssa.gov/policy/docs/policybriefs/
http://www.lurj.org/article.php/vol1n1/tanf.xml
Jillian Jimenez, (2012) Social Policy and Social Change: Towards the Creation of Social and Economic Justice, (Chapter 2, p.29)
http://www.nber.org/chapters/c10258.pdf
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