What was the main purpose of the Social Security Act?
A. to offer public works jobs to the unemployed
B. To impose a 2 percent tax on all business deals
C. To provide a pension for people who were old enough to retire
D. To give health insurance to all children under the age of 10
The Social Security part was originally designed as contributory program retirement plan trust fund- with the government role only as administrator. It is a self-supporting program which has had only 2 inserts of general revenue early on to cover disabled WWII vets and those who turned 72 before 1971. Also, since Reagan made SSI income taxable in 1983, a miniscule revenue stream results as well. Since inception, the fund has generated 13.8T in revenues through 2009 and expended 11.3T in the same period.
Good luck
But i have to say this is not really the main purpose. Sorry for can give for you what you want, but at least i can show you more about this.
