Presentation on theme: " What is deregulation?. Describe how social security and the welfare system works. Define and describe social insurance programs and public assistance."— Presentation transcript:
Describe how social security and the welfare system works. Define and describe social insurance programs and public assistance programs. Determine the difference between Medicare and Medicaid. Describe the basics of the Social Security system and the debate about its future
Programs that support any individuals who meet the criteria for eligibility to the benefit (like social security) Social insurance programs – provide benefits to all income levels Public assistance – restricted to people of low income
Based on “insurance” concept Only individuals who pay into the program are eligible to receive funds from it ▪ Social security, Medicare, unemployment insurance
Read the excerpt from the pamphlet. Do you think the ideas suggested in the pamphlet still apply today?
This social security measure gives at least some protection to thirty millions of our citizens who will reap direct benefits through unemployment compensation, through old-age pensions and through increased services for the protection of children and the prevention of ill health.
A social insurance program funded through payroll taxes called FICA (Federal Insurance Contributions Act) Purpose: Provides aid to the unemployed, disabled and elderly
Who is eligible? Retired workers, survivors of deceased workers, & disabled workers Who administers the program? Federal Government
Before the Depression, charities & state and local gov’ts took care of the poor
Combined federal-state program that provides public assistance to the disabled & elderly poor Recipients have obvious reasons for their inability to provide fully for themselves
Federally funded, administered by states Provides an in-kind benefit that is a cash equivalent Ensures recipients use the assistance in a specified way Intended to improve nutrition of poor families
Created in 1965 Funded by general tax revenues Joint federal-state program
Purpose: Provides health care for poor people already on welfare Who is eligible? Low income families & financially needy people Who administers the program? State gov’ts
Purpose: To provide families in need with a combination of financial assistance and work opportunities Who administers: States with federal funding
To transition families off of welfare by setting requirements to find work and time limits on receipt of benefits.
Run by HUD; Program to provide decent, safe, and sanitary housing in the private market Assists very low-income families, the elderly, and the disabled. Administered by state & local gov’ts 30% of the family income goes toward housing & the gov’t pays the landlord the difference
Mission Increase homeownership Support community development Increase access to affordable housing free from discrimination
Federal Housing Administration Insures mortgages for lenders Provides mortgage loans to buyers Housing Choice Vouchers
Prohibits discrimination in the sale, rental, and financing of dwellings based on race, color, national origin, religion, sex, familial status, and handicap (disability)
With your partner, read the scenarios to determine if the actions are discriminatory or not. Be prepared to defend your response.
What are some differences between social insurance and public assistance programs? Is it the government’s responsibility to help people?
What is a “Baby Boomer?” Anyone born between 1946 and 1964 Are your parents/guardians/grandparents baby boomers? How old will baby boomers be in 2025? How old will you be in 2025?
Imagine you are Senators going to make a speech on the floor of the Senate about social security. Explain: What, if anything, should be done about Social Security? How would you pay for the potential lack of funding in Social Security (if taxes, what type of tax)? How will you convince the largest & most influential group of voters (55+) to go along with your plan?
Proposals for changing Social Security: Reduce benefits Raise payroll tax rate Raise retirement age Invest Social Security reserves in stocks & bonds