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Essay / Research Paper Abstract
This 5 page paper presents an overview of the Social Security system as it exists in the Untied States. A brief history is provided. Possibilities for the future are examined inclusive of privatization. The current crisis is highlighted. Bibliography lists 5 sources.
Page Count:
5 pages (~225 words per page)
File: RT13_SA048SS.rtf
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Unformatted sample text from the term paper:
the Untied States. A brief history is provided. Possibilities for the future are examined inclusive of privatization. The current crisis is highlighted. Bibliography lists 5 sources. SA048SS.wps Today,
the social security system is in jeopardy. In fact, it has been a hot political campaign issue, particularly during the 2000 presidential campaigns, when Al Gore continued to promise that
if elected, he would put it in a lock box. His lock box idea was parodied, but the truth is that many Americans do want this program secured and preserved
for future generations. Many people understand that Social Security is essentially, just that, security for the society. Social security taxes are monies set aside primarily to help to sustain Americans
in their old age. However, there has been controversy because it is feared that the money will run out before boomers can even collect their contributions. In looking at the
Social Security system, it is helpful to explore its history. Why was this program that some equate with socialism created in a capitalist system? Why has it become so important
to the American people? Finally, what is the future of Social Security? While some type of social services existed before 1935, these were extremely minimal. Social Services, as it is
known in the United States, began during a bad economic period in American history. The "New Deal" was created to hopefully alleviate financial worries of the general populace. The "New
Deal" is actually a blanket term for the massive legislation that Franklin D. Roosevelt employed during his first two terms in office (Tuleja PG). The President had done this in
order to reverse the effects of the depression; he essentially quickly implemented banking, manufacturing and public works legislation (PG). Later on, Roosevelt created new regulations in several industries including agriculture
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