Political Quotes

On the recordAugust 5, 2015
I rise today to recognize the respective anniversaries of three of the most important programs for American seniors: Social Security, Medicare, and Medicaid. On August 14, 1935, President Franklin D. Roosevelt signed the Social Security Act into law. Among other things, this bill created the Social Security Program and made a promise to all Americans: that if you work hard, contribute, and play by the rules, you can retire and live in dignity. Before Social Security, more than 50 percent of older Americans in this country lived in poverty. Many of these seniors worked hard their entire lives but became dependent on others and often had to beg for basic necessities, such as food, shelter, and medical care. ``Poverty- ridden old age'' was a pressing national concern both for seniors and younger Americans, who wondered if their years of hard work would provide enough for them to survive in their old age. Today, less than 9 percent of seniors live in poverty. This significant decrease in poverty among seniors is a direct result of Social Security and the secure retirement it provides. As we approach the program's 80th anniversary, Social Security is the most successful program in American history, and its trust fund contains sufficient assets to fully fund all promised benefits for almost 20 years.…
Said by
Harry Reid
Democratic · Nevada
Source
govinfo.gov
Aug 5, 2015

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