1980 Social Security Source Analysis

On August 14, 1935 in Austin, Texas, President Franklin D. Roosevelt inked his signature on the Social Security Act. It was originally implemented to resolve problems with unemployment, old age insurance, and public health and welfare. The Great Depression was the catalyst for the creation of the Social Security program, and the basic structure was very similar to Germany’s social insurance programs from the 1880s. Today, social security is mostly used for retired senior citizens starting at the age of 62. At 62, American citizens can begin to collect, but will only receive 35% of their monthly benefit due, rather than the maximum amount of 50% when they reach the full retirement age of 66. (cite) In addition, social security is dispersed to about 14 million disabled people under the age of 62, who can no longer work in the labor force for various reasons. The people who qualify as disabled are just a small percentage of those collecting compared to senior citizens, and are often not mentioned when social security issues are brought up because of their minute effects on social security distribution.

Insider trading became a more dangerous operation as the SEC and Department of Justice enforced American laws. Meanwhile, American politics became increasingly associated with wealth. Campaigns became more expensive and with the upcoming election, the Electoral College may select Jeb Bush, fulfilling his role as the third member of what effectively is the Bush dynasty or a Clinton to start the Clinton dynasty. The American government is eliminating the American Dream of individualistic success and instead conjoining economic prowess with political dominance. In practice, the stratified distribution of wealth and the American government system is evolving into a hierarchical regime with dynasties and minimal universal economic opportunities. Over the past thirty years over 50 percent of the wealth has been retained by the top .1% of Americans (Karimi). Instead of regular change, now scarcely does an inventor or hedge fund manager join those leading America. In practice, equal opportunity has become limited to those who already own capital. The American Identity no longer entails the American Dream, but rather is reverting to historical European practices. The United States’ government is an aristocratic republic with growing totalitarian powers. The current American identity is becoming a restricted form of economic determinism with minimal social

Lastly, the Social Security Act was one of many reform efforts that sprung from the New Deal. This act was an attempt to provide general welfare for women and their children, those with disabilities such as blindness, older individuals, and public health, and helped financially support them while they were looking for work elsewhere. It was most common with elderly individuals, as they received what is known as “old-age pensions.” This was one of the few reforms that has stayed with us since the New Deal, and was economically successful in bringing America out of the Great

During the Great Depression people lost their jobs and didn 't have money available when they retired. Franklin Roosevelt wanted citizens to have money available if they became unable to work anymore or not start work at all because of an unforeseen event in their life. By reading the debate and ideas of the Act, a better understanding of how the Social Security Act came to be can be gained. The Social Security Act was created in 1935 for people that are disabled who can 't work at all and for citizens that work to have money put into social security and available after retirement. It was used to help citizens after the Great Depression who lost their jobs. This act would help citizens that work to have benefits by having employers pay into a trust fund, so money would be available to employees after they retire or become disabled while working.

Document Cb shows a chart of programs that was created by the Social Security Act. It list the names of the different programs and a description of what each program does. Like the old-age assistance, which supports and watches over the elderly who can’t survive on their own. Some of the programs that were created during the New Deal didn’t disappeared after the New Deal

One of the reforms created through the New Deal that still exists today is Social Security. Social Security was established through the Social Security Act of 1935 by Franklin D. Roosevelt. It established a national pension fund, a public assistance program for dependent mothers and disabled people, an unemployment insurance system, as well as benefits for victims of industrial accidents (Social Security Act of 1935). Social Security is very beneficial regarding its ability to help those who need it, but it is also the largest federal program today, resulting in huge expenses. CNS News published an article regarding the spending of the Social Security Administration, and stated in the article is, “The Social Security Administration spent a total

“We demand that big business give the people a square deal; in return we must insist that when any one engaged in big business honestly endeavors to do right he shall himself be given a square deal.” (Teddy Roosevelt). Teddy Roosevelt emphasized the fact that big business had not been giving its workers or its consumers a fair deal and that big business had been taking power away from the people. The Gilded Age began an era of big business that negatively affected the working class men, women and family. During the rise of big business the power between individuals started to greatly differ as the rich got more power and the poor got less, with the rich’s newly found wealth their trusts were able to control whole industries and finally the

The reasons why the 1981 attempt at reforming Social Security under the Reagan administration failed, as detailed in Chapter 8 of Martha Derthick and Steven M Teles’ The Reagan Presidency: Pragmatic Conservatism and its Legacies, boils down to the following factors: it did not have a clear goal in mind about Social Security reform (Derthick, Teles 187), it had a poor working relationship with Congress on the issue (Derthick, Teles 185), and leadership, on part of the president, was lacking (Derthick, Teles 192). In contrast, the attempt at reforming welfare in the 90s, as chronicled in Chapter 4 of Gary Bryner’s The Great American Welfare Reform Debate Politics and Public Morality, was successful because the Clinton administration worked

The Social Security Act was a program meant to attract money from citizens, but ensuring they they will get something in return (Doc D). This act collected money from citizens, and when they turn 65 years old, are able to collect money back in the form of monthly checks. FDR’s point of view in creating this act was that people will be more likely to put their money into something that they know will reward them back in the future. As a result, Social Security money was put back in the economy and helped decrease the amount of debt that the United States was in. According to William Lloyd Garrison in 1934, the government was putting enormous amounts of money into public relief and public works projects that expanded throughout the country (Doc C). This policy, known as the Works Progress Administration (WPA), created jobs for improving infrastructure such as repairing roads and building more buildings. This improved employment in America and helped people gain money back through these new jobs. A graph of Unemployment from 1927-1947 serves a purpose for showing the pattern of unemployment from before and after the Depression (Doc G). Unemployment decreased in 1934, the same year the government started these public work projects, which proves that the WPA policy was effective in creating positive

In the article “Trump and the Plutocrat’s Hubris,” from the Wall Street Journal, Joseph Epstein writes an objective piece entailing misconceptions regarding the Trump administration. He argues against the preconceived notion that having a lot of money, leads to an effective government. He uses instances from his own life that help prove his point and convinces the audience that what he is saying is the truth. In order to effectively propose his beliefs, Epstein utilizes rhetorical questions, critical, and informative tones.

The Social Security Administration is a great government administration that provides retirement and disability benefits to a large portion of the U.S. population. It was created by Franklin Delano Roosevelt (FDR). He created many new administration during the great depression to combat poverty such as the Works Progress Administration. Unlike the Works Progress Administration, on the Social Security Administration fights poverty through planning for the future rather than the now. The Administration themselves views themselves high as well, on their website they stated that the Social Security Administration is “one of the most successful anti-poverty programs in our nation's history”. The SSA could not have come at a better time than when it did during the great depression. It was crucial to the nation's future as to whether it would fall back down to its knees right as it got back up. The SSA protected us with retirement benefits which allow and help us plan for our retirement safely ensuring that we will have money when we can no longer work. This need for a retirement plan is exemplified by FDR’s speech to the N.Y. state legislature where he states “No greater tragedy exists in modern civilization than the aged, worn-out worker who after a life of ceaseless effort and useful productivity must look forward to his declining years to a poorhouse.” This is arguably the most useful part of the SSA.

The social security act was created by President Franklin D. Roosevelt so that he could put in place provisions in order to help the elderly. The social security act a document that helps impoverished citizens, such as the elderly and physically impaired receive benefits after retirement. Citizens’ in America during the great depression where expected to work weather elderly or physically disabled. These citizens weren’t afforded the financial stability to retire so work was a necessity to acquire money. “Prior to social security, the elderly routinely faced the prospect of poverty upon retirement” (U.S SSA). This effect of the great depression led to a lot death and homes turning into singled parent homes with no income. “The widespread

President Franklin Delano Roosevelt signed the Social Security Act in 1935. The aim of the Social Security Act was to give financial assistance to the elderly. The initial law covered only private sector workers. The Government Pension Offset was an amendment to the law passed in 1977 and the Windfall Elimination Provision passed in 1983. These two amendments penalize public service employees like teachers, police officers, and fire fighters. They keep people in the public sector who receive civil service pensions from double dipping into public money. The Social Security Fairness Act would eliminate the GPO and the WEP. These two provisions unfairly reduce or eliminate Social Security benefits for millions of Americans, make teacher recruitment almost impossible, and force some into poverty.

Roosevelt and his Economic Crisis Committee, in 1935, came up with the simple idea of providing benefits to the generation of retired workers from tax money of currently working generation. Roosevelt put this straightforward idea into the system to make it work, and it surprisingly has worked out well so far. When the bill became a law in 1935, there were many people who were affected by the Great Depression and sought financial aid. Unlike the bank money that goes in loans and still depositor have access to the money; Social Security System passes out collected money immediately into benefits (“Social Security System”). This way, the working generation will always provide enough money to the fund. Rather than providing money from government fund, idea of benefiting citizens from their own money didn’t receive

In 1972 the United States suffered an economic downturn. Legislators worked on ensuring that the Social Security program pay all the benefits that had been promised. In 1974 SSI was added as a welfare program, instead of expanding Social Security. The tax rate and the amount of payroll subject to the payroll tax were increased without increasing benefits. In 1983 President Reagan tried to drastically cut retirement and disability