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Social Security Carol & Mo-Mo Carol & Mo-Mo. HistoryHistory The idea of a national economic security program originated in early Europe. The idea was.

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Presentation on theme: "Social Security Carol & Mo-Mo Carol & Mo-Mo. HistoryHistory The idea of a national economic security program originated in early Europe. The idea was."— Presentation transcript:

1 Social Security Carol & Mo-Mo Carol & Mo-Mo

2 HistoryHistory The idea of a national economic security program originated in early Europe. The idea was a solution proposed by FDR as part of his New Deal to help solve the nation’s economic crisis during the Great Depression. It was an attempt to boost the nation’s morale by providing a sense of stability, but it only provided the minimal level of assistance to eligible social security applicants. The idea of a national economic security program originated in early Europe. The idea was a solution proposed by FDR as part of his New Deal to help solve the nation’s economic crisis during the Great Depression. It was an attempt to boost the nation’s morale by providing a sense of stability, but it only provided the minimal level of assistance to eligible social security applicants.

3 Policymaking Decisions

4 ImpactImpact The Social Security Act had 3 parts to it: 1. Medicare (Part A and B) 2. Public assistance 3. Child welfare The Social Security Act had 3 parts to it: 1. Medicare (Part A and B) 2. Public assistance 3. Child welfare

5 Major Components Social Security appropriated monthly funds to help senior citizens, those who are unemployed, and the disabled. Medicare was designed to help senior citizens or disabled citizens with medical insurance. Designed to be a self-sustaining program, with a ratio of 25 working citizens to 1 retired beneficiary. But due to exponential population growth and retirement of baby boomers, the ratio turned out to be around 2 to 1. Social Security appropriated monthly funds to help senior citizens, those who are unemployed, and the disabled. Medicare was designed to help senior citizens or disabled citizens with medical insurance. Designed to be a self-sustaining program, with a ratio of 25 working citizens to 1 retired beneficiary. But due to exponential population growth and retirement of baby boomers, the ratio turned out to be around 2 to 1.

6 Political Cartoons

7 Some additions have been made to the Social Security Act since it was made in 1934 such as Medicare, which was passed by President Truman during his term in Other additions include: Welfare amendments during 1962 by Kennedy Disability amendments during 1984 by Reagan Welfare Reforms during 1996 by Clinton Some additions have been made to the Social Security Act since it was made in 1934 such as Medicare, which was passed by President Truman during his term in Other additions include: Welfare amendments during 1962 by Kennedy Disability amendments during 1984 by Reagan Welfare Reforms during 1996 by Clinton Current Status

8 Current Policy The current functioning policy of the Social Security Act is attracting debates regarding how it will be funded when baby boomers retire. There is also controversy regarding the government using the funds set aside for Social Security meaning the already insufficient amount is only getting smaller. Funded by payroll taxes on employees and employers. Largest social policy of the federal government and accounts for one third of the federal budget. The current functioning policy of the Social Security Act is attracting debates regarding how it will be funded when baby boomers retire. There is also controversy regarding the government using the funds set aside for Social Security meaning the already insufficient amount is only getting smaller. Funded by payroll taxes on employees and employers. Largest social policy of the federal government and accounts for one third of the federal budget.

9 SourcesSources Edwards book Edwards book


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