United States of America has developed the policy of social security in the year 1935 right after the Social Security Act was passed. (Rushefsky, 2002, p.100). It was the part of New Deal program initiated by President Franklin Delano Roosevelt. Previously this act included two social insurance programs including the unemployed people and the retired individuals. (“Social security in USA”, N.d). The policy at the beginning also included providing federal grants to the organization who worked for child welfare, public health services, vocational rehabilitation etc. But with time the situation changed and the welfare policy now concentrates on few specific social sectors.
The policy of Social Security was one of the largest federal programs in the year 1999 and the Social Security Administration had spent over US $ 387 billion that year. (Rushefsky, 2002, p.100) Though that year the spending proportion was huge depending on the social benefits the program actually generates the issue remains debatable. The basic suggestion of this report is to extend the branches of Social Security developments to many social sectors, rather than concentrating on few particular ones. Ascertaining the current financial condition of the country it would be advisable for the United States Government to address the basic social needs of the several deprived sections of the society. It is quite evident that the credit crunch, followed by the financial turmoil had affected the population and many people have lost their home as well as their job. The current social security program includes the retired individuals, disabled ones , survivors of the workers who have died and also the dependents of the beneficiaries. (Understanding the benefits, 2005). This report in particular gives emphasis on the inclusion of the homeless people and the people who have lost their job into the