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The Social Security Act created a Social Security Board (SSB), [7] to oversee the administration of the new program. It was created as part of President Franklin D. Roosevelt 's New Deal with the signing of the Social Security Act of 1935 on August 14, 1935. [ 8 ]
The social security account number issued to an individual for purposes of section 205(c)(2)(A) of the Social Security Act shall, except as shall otherwise be specified under regulations of the Secretary [of the Treasury or his delegate], be used as the identifying number for such individual for purposes of this title.
The American social security system (1949) comprehensive old overview. Burns, Eveline M. Toward Social Security: An Explanation of the Social Security Act and a Survey of the Larger Issues (1936) online; Davies, Gareth, and Martha Derthick. "Race and social welfare policy: The Social Security Act of 1935." Political Science Quarterly 112.2 ...
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Of this $6.18 trillion, $2.7 trillion is an obligation to the Social Security Administration. According to the Social Security Trustees, who oversee the program and report on its financial condition, program costs are expected to exceed non-interest income from 2010 onward.
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