Social Security Taxes

The Social Security Act was established in 1935. It was signed by President Franklin Roosevelt. The benefits actually started in the year 1940. The Social Security Act was a set up to help people to get through financially hard times. The total amount of money that has been paid out to beneficiary in 2005 was estimated to be $556 billion.

I personally think that if we regulated the people who claim disabilities a lot closer we wouldn't be having the problem of the SSA not having enough money to pay for the benefits that have been promised. Right now we need to be focused on not fixing the economic state that we are in right now. We need to do this before focusing on the future. If we don't fix the economic crisis that we are in now we may not have a bright future to worry about protecting.

• www.ssa.gov
• http://www.ehow.com/about_4586912_what-purpose-social-security.html
• http://www.ask.com/bar?q=Since+its+inception%2C+what+are+the+total+social+security+payments+that+have+been+made+to+beneficiaries%3F&page=2&adt=0&qsrc=0&ab=7&u=http%3A%2F%2Fwww.cato.org%2Fpubs%2Fssps%2Fssp3.html