Social+Security

=Social Security=
 * 1) Summarize the "Historical Perspective" of this issue.
 * 2) What is the history of Social Security? (see timeline at the bottom pages 912 - 913 as well)
 * 3) What has caused the current crisis in the Social Security system?
 * 4) What reforms are being considered?

Answers 1. Social Security was part of FDR's New Deal and was not intended to pay for all individuals retirement income Although what President Roosevelt said was good for that time, in 1965 the federal government felt as if they needed a change in the laws for Social Security, then making it available to all of the people that are retired in the United States. They also at this time assumed the medical expenses of the aging population threw Medicare and the under privileged threw Medicaid.

2. Social Security was a product of FDR's New Deal and dates back to the 1920's. In 1961 changes in the age that participants could apply for Social Security to 62. Then President Johnson signs Medicare and Medicaid into law so those with no health help can get better coverage. President Nixon increases payments in the early 1970s and in 1975 congress includes the cost of living into Social Security Benefits. In 1983 Social Security can now provide financial stability for many years. In 1994 President Clinton appoints an Advisor Of Social Security to report in the systems financial well-being.

3. The Baby Boomers Generation is causing the current problems in the Social Security programs. There are many more older people today then there were when the New deal was created and the life expectancy of people is longer now then it was in the 1920s.

4. The government is considering