Discuss the historical development of the Social Security program, noting how it is different from other forms of government programs
What are the long-term problems facing the program, and what solutions offer the greatest chance of solving them?
What will be an ideal response?
An ideal response will
1, Discuss how the Great Depression provided the stimulus for the adoption of the 1935 Social Security Act to provide a steady retirement income stream for elderly Americans.
2, Note that Social Security differs from other government programs in that it provides an entitlement benefit in addition to differing in the funding for the benefit (payroll taxes).
3, Discuss how the program has expanded both in terms of the number of people eligible and the amount of benefits received.
4, Discuss how changing demographics have created the potential for a revenue shortfall for the trust funds.
5, Discuss mechanisms to solve that problem, including raising the retirement age, reducing benefits paid out, and increasing payroll taxes, and make an argument for which is preferable and why.
6, Provide a clear and concise conclusion.
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Government policy that affects the performance of the economy as a whole is known as __________
a. microeconomic policy b. monetary policy c. macroeconomic policy d. fiscal policy
Usually the last determination of the meaning of a law and how rigidly it will be enforced is
a. statutory lawmaking. b. administrative review. c. judicial review. d. committee review. e. Governor's review.
The Affordable Care Act was upheld by the Supreme Court under
A) ?Congress's power to tax. B) ?Congress's power under the commerce clause. C) ?Congress's power to regulate interstate trade. D) ?a person's right to individual freedom. E) ?the president's emergency powers.
Policy analysis has been called “part science, part judgment.” Explain what this means.
What will be an ideal response?