Social Security is the most successful government program in our nation’s history. Before it was signed into law, nearly half of senior citizens lived in poverty. Today, the elderly poverty rate is 10 percent. Although still much too high, that’s a dramatic improvement.
Through good times and bad, Social Security has paid every nickel owed to every eligible American – on time and without delay. As corporations destroyed the retirement dreams of millions over the past 30 years by eliminating defined benefit pension plans, Social Security was right there paying full benefits. As millions of Americans lost their life savings after Wall Street’s recklessness crashed the economy in 2008, Social Security was right there paying full benefits.
