Social Security Essay examples -- essays research papers

SOCIAL SECURITY The purpose of sociable warranter is to stick out for the material needs of individuals and families, to protect aged and disabled persons against the expenses of illnesses that may otherwise use up their savings to keep families together and to give children the chance to sprain up healthy and secure.As I write this term paper, I bequeath discuss the following topics, related to Social Security 1.A draft history of Social Security.2.Types of Social Security benefits.3.How Social Security is financed.4.How you pee Social Security work credits.1.A brief history of Social Security06/08/34Federal legislation to promote Economic Security was recommended in President Franklin D. Roosevelts message to Congress.06/29/34President Roosevelt created the committee on Economic Security to study the problems related to economic security and make recommendations for a program of legislation.01/17/35The Committee on Economic Securities recommendations were introduced in the 7 4th Congress. 04/19/35The Social Security achievement was passed in the House of Representatives by a vote of 372 to 33.06/19/35The Social Security Act was passed in the Senate by a vote of 77 to 6.08/14/35The Social Security Act became law with President Roosevelts signature.08/23/35The Senate confirmed the presidents nomination of the original members of the Social Security Board, John G. Winant, Chairman, Arthur J. Altmeyer, and Vincent M. Miles. 10/14/36The first Social Security subject area office was opened in Austin, Texas. 11/09/36The Baltimore Office for Record Keeping Operations opened in the Candler Building.11/24/36Applications for Social Security account numbers were distributed by the post office. 01/01/37Workers began to acquire credits towards old-age insurance benefits. 01/37First application for benefits f... ...efits, How Social Security is Financed, and How you earn Social Security Work Credits. The clock is ticking for the Social Security System with a gigant ic baby boom generation approaching retreat age, Social Security faces a funding crisis. By close 2012 more money will be going out to Social Security recipients than will be coming in from workers payroll taxes. The systems trust fund can c everywhere the difference for a while, but by about 2032 the trust fund will be empty and the program will no longer be able to meet all of its obligations. Historically, politicians have had a simple, consistent position on Social Security, do nothing. However, a spirited bipartisan debate is raging in Capital Hill and across the nation, over a handful of possible changes, all of which were considered unthinkable a few years ago 1) Cutting benefits across the board (or just for the wealthy). 2) Raising the payroll tax across the board (or just for the wealthy). 3) Raising the age at which retirees become eligible. 4) Investing the trust fund more aggressively. 5) Letting workers contribute to in-person security accounts that the government wo uld manage (or that workers would manage themselves).