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Archive for April 6th, 2011

We can never insure 100 percent of the population against 100 percent of the hazards and vicissitudes of life, but we have tried to frame a law which will give some measure of protection to the average citizen and to his family against the loss of a job and against poverty-ridden old age.
 

—  President Franklin D. Roosevelt
(When he signed the 1935 Social Security Act)
 

[Now the middle class is once again faced with the conservative/libertarian position that “some measure of protection to the average citizen and to his family against the loss of a job and against poverty-ridden old age” is too much protection and America needs to push back when the time is right to receive this protection (extend the age for eligibility), reduce the amount of protection provided by the government (decrease the amounts of payment), and allow individuals to “invest” their funds in the stock market (gamble with your future funds).  —  KMAB]

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