Liberator In History: FDR's Promise Of Security

News Flash

Ninety years ago, in the depths of the Great Depression, President Franklin D. Roosevelt  took a leap rooted in fairness and compassion.

In signing the Social Security Act on August 14, 1935, he pledged not charity, but comfort earned.

Beyond a moral contract declaring no one should age into poverty, the President’s legislation did much more, as his historic speech on that day reveals:

Today, a hope of many years' standing is in large part fulfilled. The civilization of the past hundred years, with its startling industrial changes, had tended more and more to make life insecure.

Young people have come to wonder what will be their lot when they came to old age. 

The man with a job has wondered how long the job would last.

This social security measure gives at least some protection to 50 millions of our citizens who will reap direct benefits 

—through unemployment compensation, 

—through old-age pensions, 

—and through increased services for the protection of children and the prevention of ill health. 

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-stricken old age.

This law, too, represents a cornerstone in a structure which is being built but is by no means complete. It is a structure intended to lessen the force of possible future depressions. It will act as a protection to future administrations against the necessity of going deeply into debt to furnish relief to the needy. The law will flatten out the peaks and valleys of deflation and of inflation. It is, in short, a law that will take care of human needs and at the same time provide the United States an economic structure of vastly greater soundness.

I congratulate all of you ladies and gentlemen, all of you in the Congress, in the executive departments and all of you who come from private life, and I thank you for your splendid efforts in behalf of this sound, needed and patriotic legislation.

It seems to me that if the Senate and the House of Representatives, in this long and arduous session, had done nothing more than pass this security Bill, Social Security Act, the session would be regarded as historic for all time.

FDR’s legacy is more than just policy, it’s his promise woven into our democracy. Working Americans still pay toward their future benefits. So when acrimonious political voices argue for benefit cuts as “efficient governance,” we must remember that efficiency without humanity is regression, not progress.  

 

Slipstream

Thank you, FDR. For decades, people have enjoyed security because you pushed this through. You had a heart, and many millions of Americans are grateful.

Well Street

I have a client who has closely followed the health of Social Security for about 30 years. He agrees with many economists that, without action, such as raising the retirement age and cutting off benefits to millionaires, himself included, the program will be broke within 7 years.

I don't know what the solution is, but I believe it's a program worth keeping alive.

youtropolis

It's only broken and running out of money because the very wealthy no longer pay into it. If they paid their fair share like you and everyone else does, it wouldn't be running out of funds--ever.

Evangel

Frances Perkins was the architect of the Social Security Act. She was also the first woman to ever serve in any US President's cabinet. She was the moral conscience of FDR's administration and was hired into her position as Secretary of Labor for her well-known previous activism in labor rights.

You can see her in the historic signing photo above, which serves as a reminder that "behind every successful man stands a woman."