Quote:
Originally Posted by Ghostwriter
SS is a sham and never was intended to be a retirement fund. It is a safety net and even at that a poor one. 15% of our money goes to prop this joke up and we are in the red this year.
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From the Social Security Administration page itself:
http://www.ssa.gov/history/hfaq.html
Q4: Is it true that Social Security was originally just a retirement program?
A: Yes. Under the 1935 law, what we now think of as Social Security only paid retirement benefits to the primary worker. A 1939 change in the law added survivors benefits and benefits for the retiree's spouse and children. In 1956 disability benefits were added.
Keep in mind, however, that the Social Security Act itself was much broader than just the program which today we commonly describe as "Social Security." The original 1935 law contained the first national unemployment compensation program, aid to the states for various health and welfare programs, and the Aid to Dependent Children program. (Full text of the 1935 law.)
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