Social Security is a social insurance program that is funded through "dedicated payroll taxes" and is the federal Old Age, Survivors, and Disability Insurance (OASDI) program. It was started in 1935 and the president at that time was Franklin D. Roosevelt who was a relatively well-liked president in our history partly because he did so much better at making a difference in solving America's problems at the time that the prior president who was McKinley. Social Security was started in a difficult period of time when we were in the Great Depression and it was a part of The New Deal and its new set of programs that it started.
The way that we should modernize social security for today society is that I think that it would be better if we dropped the Unemployment Insurance that is provided as a part of Social Security. This is because while in 1935 there were many people who were unemployed due to the depression, now although there are people who are unemployed from the current economy, there are still a lot less people who have a legitimate excuse for why they are unemployed so the Unemployment Insurance that we are spending our money on as a part of Social Security just doesn't seem to be as necessary as it was during the Great Depression.
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