Alphabet Soup 1 Pager : Social Security Administration by MICAELA AVILA

Name Of Program

299270 — 2016-01-12 21:12:32 UTC

Social Security Administration (SSA).

What was the goal of this program?

299270 — 2016-01-12 21:18:05 UTC

The goal is to provide for the general welfare by establishing a system of Federal old-age benefits. It also enables several states to make adequate provisions for the elderly, blind, maternal and child welfare, health, and the administration of their unemployment.

299270 — 2016-01-12 21:21:36 UTC

Was it successful

299270 — 2016-01-12 21:22:38 UTC

Although the SSA allowed the elderly to not be in poverty, it had flaws that some would say made it a failure.There was no trust fund, lock box, insurance policy, or retirement account.

Is it responsible for Federal Funding?

299270 — 2016-01-12 21:25:43 UTC

Yes, it helps fund people by distributing benefits to retired workers. It also insures against loss of an income with age.

299270 — 2016-01-12 21:28:06 UTC

Why might some be critical of this program?

299270 — 2016-01-12 21:30:03 UTC

It takes money from current workers and gives it to elderly workers (retired). Basically it gives non-workers a little extra cash, which some might have a problem with while they are still working and the retired are not working.

299270 — 2016-01-12 21:33:31 UTC

299270 — 2016-01-12 21:38:39 UTC

299270 — 2016-01-12 21:41:06 UTC