At their retirement, people requests for retirement incentives and other benefits that decreases the fund of social security. The funds for older people and social security funds or disability insurance and the insurance trust fund of survivors are not included in the budget of government and obviously not taken as revenues. Department of Treasury is responsible for dealing with these funds under a different account and keeping record and monitoring the funds in and out flow of the funds account of the trust.
Moreover, with monitoring funds, the trust also gives automatic disbursement and expending power to play incentive and other welfares to retire-employee (old age) recipients on monthly basis, their families, and to families of late insured employees” (Social Security, 2011).
Unemployed Individuals Individual employees are affected by the U. S. deficits, surpluses, and debts. Employees are affected negatively from the deficits or if the government is operating in huge amounts of debts.
Employees can lose their work in the result of deficit when government is going to cut their expenses, the employees can face difficulties in finding new work. Even there may be ups and downs in the employment levels in the era of surplus budget. There may be a problem that when there is a surplus, employees may spend extra causing the rapid change in situation and pushing the government back to a deficit situation. In this situation the employee may loss his/her employment. Since it’s a government problem, government has focused on it. Government has started different social welfare programs like unemployment insurance and support to the poor. It was declared the responsibility of government to deal with the problem of unemployment, in the Employment Act of 1946” (Colander, 2010) Reference: Schuman, M. (2011).
The Essay on The Chart Given Enlightens A Great Lot Of Social Problems
The chart given enlightens a great lot of social problems which are very vital nowadays. First of all, it is the role of the economic class. This role is clearly seen from this chart. In this case the representatives of Ford Motor Company are the users of the economic class, tends to make any business profitable. That is they want to get as much interest as possible spending as little efforts as ...
What the United States Debt Problem Means for the global Economy. retrieved from: http://www. socialsecurity. com(2011) Colander, D. C. (2010).
Macroeconomics (8th ed. ).
Boston, MA: McGraw-Hill/Irwin
