Tuesday, November 29, 2016
What is Social Security?
I remember getting my first paycheck and looking down the list of deductions and seeing one for social security. While seeing the deductions on your paycheck may be annoying, it has many positive effects that many people benefit from. This idea was originally implemented by Franklin Roosevelt in his Second New Deal he passed the Social Security Act in 1935. At its origin, it established a pension. It provided security for those injured on the job and unemployment insurance. It also provided aid for mothers and disabled people. Currently, 59 million people benefit from social security. The 9 digit code that is your social security number may be required for many things. The social security number was started in 1936. It was first created to be able to track salaries of Americans but today is used to verify identities. Social Security numbers are assigned at birth. Social Security has been a lasting effect of the New Deal, and one that many Americans today still benefit from.
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What I think is interesting about social security is just how much money is actually spent on it. While different sources tell different information, I found at least one (link: https://media.nationalpriorities.org/uploads/total_spending_pie,__2015_enacted.png) that shows it being the most expensive government program. I think that with the amount of money being spent, the government could do a better job of keeping people off the streets.
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