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On August 14, 1935, the Social Security Act became law. From the article:
In the Second New Deal, the Social Security Act was signed into law by President Franklin D. Roosevelt on August 14, 1935. The act laid the groundwork for the modern welfare system in the United States, with its primary focus to provide aid for the elderly, the unemployed, and children. Industrialization and the urbanization in the 19th Century created many new social problems, and transformed ideas of how society and the government should function together because of them. As industry expanded, cities grew quickly to keep up with demand for labor. Tenement houses were built quickly and poorly, cramming new migrants from farms and Southern and Eastern European immigrants into tight and unhealthy spaces. Work spaces were even more unsafe.[2] In 1890, Jacob Riis wrote that 'the quick change of economic conditions in the city…often out paces all plans of relief.'"
In the Second New Deal, the Social Security Act was signed into law by President Franklin D. Roosevelt on August 14, 1935. The act laid the groundwork for the modern welfare system in the United States, with its primary focus to provide aid for the elderly, the unemployed, and children. Industrialization and the urbanization in the 19th Century created many new social problems, and transformed ideas of how society and the government should function together because of them. As industry expanded, cities grew quickly to keep up with demand for labor. Tenement houses were built quickly and poorly, cramming new migrants from farms and Southern and Eastern European immigrants into tight and unhealthy spaces. Work spaces were even more unsafe.[2] In 1890, Jacob Riis wrote that 'the quick change of economic conditions in the city…often out paces all plans of relief.'"
Social Security Act - Wikipedia
Posted from en.m.wikipedia.org
American History
Government
Law
Congress
Posted >1 y ago
Responses: 4
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A good idea gone bad, just like Medicaid. You bring a cute little lion cub into your home and it grows up and eats your family.
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MCPO Roger Collins
Lt Col John (Jack) Christensen
Really?
“Mandatory spending is currently estimated to be $2.739 trillion for FY 2019. The two largest mandatory programs are Social Security and Medicare. That's 62 percent of all federal spending. It's also three times more than the military budget. “
Really?
“Mandatory spending is currently estimated to be $2.739 trillion for FY 2019. The two largest mandatory programs are Social Security and Medicare. That's 62 percent of all federal spending. It's also three times more than the military budget. “
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Lt Col John (Jack) Christensen
Considering there are over 64 million people on Social Security that's not too bad.
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MCPO Roger Collins
Lt Col John (Jack) Christensen If it were just Social Security, I may agree. But 62% of the budget goes to the programs, leaving 38% for everything else, requiring over a trillion to make up for in borrowing. 336B to service the debt. And much of the Debt is carried by the nonexistent Social Security Trust Fund. Being a recipient of SS and Medicare, I am definitely for the programs, but there must be major changes in order to preserve the programs for future recipients. The Trustee of these programs has been warning us for years.
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Lt Col John (Jack) Christensen
Agree changes needed. First would be not allowing Congress to borrow against the trust fund which is what depleated it. Wish debt to SS was a baloon payment that was coming due, that might get Congress to repay what they've plundered. I fully agree with raising the full eligibility age, but that's kind of like spitting into the wind in the scheme of things.
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Great article and I have no issues with the system, however do have objections to referring to it as welfare. Workers pay their money into the system when young and get their money back once they retire. Insurance perhaps, but welfare no way.
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SGT (Join to see)
SSI - Social Security Insurance. People forget that. Lt Col John (Jack) Christensen
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Lt Col John (Jack) Christensen
Absolutely, and insurance isn't welfare in my book. Off to Tampa for pre op appointment for wife, suspect schedule will be crazy for next few days.
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