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N0KFQ > TODAY 14.08.16 16:48l 39 Lines 1632 Bytes #999 (0) @ WW
BID : 4466_N0KFQ
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Subj: Today in History - Aug 14
Path: IW8PGT<CX2SA<N0KFQ
Sent: 160814/1436Z 4466@N0KFQ.#SWMO.MO.USA.NA BPQ6.0.12
1935
FDR signs Social Security Act
On this day in 1935, President Franklin D. Roosevelt signs into
law the Social Security Act. Press photographers snapped pictures
as FDR, flanked by ranking members of Congress, signed into law
the historic act, which guaranteed an income for the unemployed
and retirees. FDR commended Congress for what he considered to be
a "patriotic" act.
Roosevelt had taken the helm of the country in 1932 in the midst
of the Great Depression, the nation's worst economic crisis. The
Social Security Act (SSA) was in keeping with his other "New
Deal" programs, including the establishment of the Works Progress
Administration and the Civilian Conservation Corps, which
attempted to hoist America out of the Great Depression by putting
Americans back to work.
In his public statement that day, FDR expressed concern for
"young people [who] have come to wonder what would be their lot
when they came to old age" as well as those who had employment
but no job security. Although he acknowledged that "we can never
insure one hundred percent of the population against one hundred
percent of the hazards and vicissitudes of life," he hoped the
act would prevent senior citizens from ending up impoverished.
Although it was initially created to combat unemployment, Social
Security now functions primarily as a safety net for retirees and
the disabled, and provides death benefits to taxpayer dependents.
The Social Security system has remained relatively unchanged
since 1935.
73 - K.O., n0kfq
N0KFQ @ N0KFQ.#SWMO.MO.USA.NA
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