Social Security Essay Example | Topics and Well Written Essays - 1000 words

Social Security - Essay ExampleEssentially an investiture that all taxpayers must contribute to, it is the largest government program in the world, and the greatest expenditure in the federal official governments budget (Office of Management and Budget). The hearty security program in the United States was and stay a safeguard against indigence like that seen during the Great Depressiona time in which poverty affected nearly fractional of all American elderly. It seems that, in the event of a current or future economic calamity, social security would provide such protection, and ensure that tragedy does not sweetheart those Americans who cannot earn capital when the financial climate becomes inclement.A social security system is one that utilizes unexclusive funding in order to economically secure private citizens. Established in 1935, the United States social security system provides not only for the poor elderly, but also for those who are disabled and cannot ready to earn a stable income. The income that the social security program provides is merely supplemental. All employed nonexempt citizens contribute to social security, which diverts this money to those who are of age or unable to work. Those eligible for benefits receive an bill proportionate to what they have put into the program through taxes. Although this is true, social security pays disproportionately to those who are earning humbled incomes thus, social security tries to provide for those who need its benefits more. This is perhaps social securitys most imposing intention based on current estimates, social security is reported to prevent roughly half of elderly Americans from poverty, which closely follows the original intention of the program (Orr). Despite this, the Supreme Court has ruled that no one has legal right to social security benefits, and that entitlement to benefits is not a contractual right (Flemming v. Nestor).The origins of American social security lie in Franklin Delano Roosevelts New Deal, a