AF+-+entitlement+programs

How are the entitlement programs of the New Deal and Great Society impacting our current economy?

The New Deal and Great Society's entitlement programs impact our current economy in several ways. Medicare, a national social insurance program, was passed under the Great Society by Lyndon B. Johnson 1965. Medicaid is a program that gives fee health care to those in need. In the current Federal Budget, Medicare and Medicaid make up 21% of it. Johnson also created programs such as Volunteers in Service to America (VISTA) which is similar to a domestic Peace Corps, Head Start (a preschool program), and the Job Corps (a job training program) that still exists today. During the 1st and 2nd New Deal there were various entitlements that consist of Social Security which currently makes up a fifth of the federal budget. The Federal Deposit Insurance Corporation was created in 1933 as part of the New Deal and is still in existence today. The FDIC insures bank deposits, so people will be encouraged to keep their money in banks.