United States Socail Security
Sunday, August 28, 2011
The Real Story Behind the United States Social Security
The United States Social Security is an Act signed by President Frankiln D. Roosevelt due to the 1935 Great Depression to help those greatly in need due to the Depression aftermath such as the Old aged people, disaster survivors, and disability insurance people best known as the OADSI. I strongly suggest that the federal government/Congress should continue funding for the payment of the Social Security Program for various reasons such as help to the American citizens in which OADSI exhibits, help for the unemployed ( Welfare), and (FICA) Federal Insurance Contributors Act. The early cost to the American taxpayer towards Social Security is about 6.2% and the historical cost data is said to be 11% in the United States. The biggest debate on the United States is the total percentage spent from the federal government on Social Security which is 6.45 to 7.65%. The major impact of the Social Security program on price stability, full employment, and economic growth is the fact that the lower the Social Security is in a state the lower the economic growth is. So basically, it not only effects the growth of the state but always the countries economic growth. I believe that the potential impact beyond the direct payment recipient is the fact that the federal government my downfall due to the amount of money being distributed to citizens and run into a debt and have no more money to distribute. Professionals have different views on various mechanisms Social Security may or may not provide the country. I believe that the main focus should be on the fact how Social Security alone betters an American families economic style of living and essential and needed help in a human beings life. The only down part to Social Security is that our current president, President Obama is not allowing prisoners to benefit of what Social Security and the government has to offer. There are many more reasons to why I believe that the Federal government should keep funding Social Security but, these are the fundamental reasons to why it should keep on progressing and satisfying the American peoples.
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