On the recordSeptember 12, 2024
there was a time not that long ago when families had a similar challenge across America: what to do with mom and dad. At that time, there wasn't much to turn to. If you were fortunate, your parents, during the course of their lifetime, saved up enough money to take care of themselves. But in my family and many others, it was common to have that spare bedroom for grandma and grandpa because there was no place else to go. It was part of American family life. It caused some hardship. The kids had to double up in the bedrooms, and some of the activities in the family were limited. But you did it because you loved them and they needed help and they couldn't take care of themselves. In 1939, that started to change. A President named Franklin Delano Roosevelt thought, It is time for us to give some relief to these families, to give dignity to seniors in their retirement years. And he created a program called Social Security--now one of the most popular programs in the United States. You don't hear many candidates for President standing up and saying, ``I am going to cut Social Security benefits,'' do you? It is worshiped and venerated and respected and followed by families across America. But the critics in the creation of Social Security called it socialism. Socialism: Too much government, leave us alone; let mom and dad live in that spare bedroom; don't give them a separate savings account they can accumulate during their lifetime. If they do it, fine.…
Source
govinfo.gov




