Few homeowners ever take out these loans, and those who do, paradoxically, may be putting their financial security in old age at greater risk.
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If coverage remains this low, the reforms may not prove politically durable since they are not creating a comprehensive system of income security in old age.
Congress rejected this 1937 proposal and turned against further New Deal measures, but not before the Social Security Act creating old-age pensions went into effect.
Six days later, the Supreme Court upheld the old-age-insurance provisions of the Social Security Act.
We are for a provision that destitution should not follow unemployment by reason of old age, and to that end we have accepted Social Security as a step toward meeting the problem.
To some 36 million people, nearly one American in every six, the Social Security system now provides a monthly check promising that old age, widowhood or disabling injury will not throw them into poverty.
Raise the age for Social Security gradually beginning with people currently 55 years old.
Just as there is less stigma attached to financial problems, so the rise of Social Security and Medicare has sharply reduced the financial uncertainty of old age.
It should be immediately apparent that implementing this policy will require fundamental changes in welfare and social security programs, and in all three of the big old age programs, both on the spending side and the revenue side.
In 1975 -- by no coincidence the first year that benefits were indexed to inflation -- Social Security's pension fund, whose formal title is Old-Age and Survivors Insurace (OASI), paid out more than it took in.
No matter: the elderly, and many of the young, have been convinced that they have a right to Social Security payments high enough to maintain a comfortable standard of living despite old age, widowhood or disability, and this right is every bit as inalienable as the rights to life, liberty and the pursuit of happiness.
There in the high tech operations room, age old passions had been discussed by rational men and women engaged in the uphill struggle to bring security to southern Afghanistan.
Congress began trying to provide old-age insurance for something close to 100% of the population as early as 1939, before the first Social Security benefits were paid.
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