Seventy nine years ago, on August 14, 1935, the US Congress passed into law the greatest social legislation in American history, Social Security.
Social Security was designed to give support to the elderly in their twilight years, as well as support for widows and orphans, and it has been massively successful!
This was all due to the Democratic Party and Franklin D. Roosevelt, as few Republicans and no conservatives supported the legislation.
While it is true that there were Republicans who supported improvements in Social Security over the years, the Republican Party of the present has been out to destroy Social Security by privatizing it, something George W. Bush promoted in 2005, and defeated, thankfully, as anyone who had Social Security benefits in the stock market in 2008 would have lost all or most of their benefits!
Social Security should NOT be privatized, and needs further reform, including raising the wages that are taxed from the present amount of $117,000 to include ALL wages, as if that occurred, there would never be a problem in funding Social Security benefits.
There is no good reason to avoid taxes on higher incomes, as they are also eligible for benefits, and the idea has been floated many times, and some day, when Democrats control both houses of Congress again, it needs to be enacted!
Meanwhile, Happy 79th Anniversary, Social Security!