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https://www.history.com/this-day-in-history/fdr-signs-social-security-act?cmpid=email-hist-tdih-2022-0 [login to see] 2&om_rid=
The Social Security Act created Social Security, a federal safety net for elderly, unemployed and disadvantaged Americans.
The Social Security Act created Social Security, a federal safety net for elderly, unemployed and disadvantaged Americans.
FDR signs Social Security Act
Posted from history.com
Money
American History
Law
Edited >1 y ago
Posted >1 y ago
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Our first and lasting step into socialism… it’s not a government entitlement… it’s an annuity that you paid into… for a very long time for very little return.
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Cpl Vic Burk
LTC Marc King Exactly but the government would love to get out of paying the agreement.
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'Buried In The Archives,' The Original Town-Hall Battle
Washington Unplugged examines a report from 1989 in which Former Illinois Congressman Dan Rostenkowski is booed and even chased at a town-hall event in our n...
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The world's greatest Ponzi scheme. It's backfiring on the government now. I suspect soon they will raise the percentage of contribution everyone has to pay to keep the program going.
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Cpl Vic Burk
MSgt Robert "Rock" Aldi At the time SS was solvent so they were able to do this. It got screwed up during the Reagan Administration when they put SS into the general fund and the feds robbed it. If they hadn't done that it would still be solvent. Even today I $147,000 of your annual wages you have to pay social security tax on so it isn't all of it if you have a super well paying job.
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