Your choice Term Paper Example | Topics and Well Written Essays - 2000 words

Your choice - Term Paper Example Social security was introduced in the United States through the enactment of the Social Security Act on August 14, 1935.1 The Act was conscripted during President Franklin Roosevelt term as the President’s Committees on Economic Security that was under Frances Perkins. The Act attempted to limit what were seen at the time as the dangers in modern America life that include poverty, unemployment, old age, fatherless children and the encumbrance of widows (Levitan & Levitan, 2003). When President Roosevelt signed the Act into law, he became the first President to support for federal backing for the aged in the society. The Social Security Act if there would be benefits to the retirees and the unemployed as well as a lump-sum benefit when a person had died. The Act also provided money to states to give assistance to the ages under Title 1, unemployment insurance, Title III, public health services Title VI, Maternal and Child Welfare Title V and Aid to families with Dependent Children under Title IV. Various arguments were introduced as to the manner in which the programs benefit would be funded.2 Some of the people believed that the individuals should be funded by using contributions that the individuals had made over the course of employment or careers. While other indicated that using this method would be disadvantage to the people who had begun their career at the time when the program was being implements. This is because they would not have adequate time to accumulate their benefits. Additionally, Social Security was controversial because many of the opponents believed that if the Act was implemented them many people would lose their jobs. The opponents also indicated that the proposal to implement social security would amount to socialism this is because most women and minority groups were excluded from the benefits of old age pensions and unemployment insurance.3 The proponents of the Act or Social Security believed that