Textbook: Chapter 16- Social Policy Flashcards

0
Q

Social Security

A

System of forced savings to take care of the elderly

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1
Q

Three goals of social policies

A

Protect against insecurities

Promote equal opportunity

Alleviate poverty

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2
Q

Medicare

A

Provides health insurance to the elderly and disabled

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3
Q

Welfare programs

A

Aid to families with dependent children (Temporary assistance to needy families)

Medicaid

SSI

Food stamps

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4
Q

Critics

A

Cost too much

Third party structure exaggerates prices

Cause reliance

Encourages undesirable behavior

Blames the system

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5
Q

Supporters

A

Stabilizes declining economy

Reflects governments responsibility to its citizens

Helps correct imperfections of capitalism

Needed to stop unrest, especially in bad times

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