On Sunday, we celebrate 81 years of the most successful government program in American history – Social Security. On August 14, 1935, President Franklin D. Roosevelt signed the Social Security Act, declaring his effort to “frame a law which will give some measure of protection to the average citizen and to his family against the loss of a job and against poverty-ridden old age.” Since that day, Social Security has expanded to give even more Americans the support they need. Over eight decades later, President Roosevelt’s vision endures, providing millions with the economic security they have earned and deserve.
Social Security embodies the best of our American values. It promises all Americans that if you work hard and play by the rules, you can retire in dignity. And if you become disabled or lose the breadwinner in the family, Social Security will be there to protect you and your family.
Seniors across Nevada and throughout America have earned their Social Security benefits. They rely on them to put food on the table, make the rent and pay the bills, especially during tough economic times. Some extreme voices claim this is a government handout, but that is flat out wrong. Social Security is a benefit that hard working Americans earn, by working and paying into the system.
Social Security has been a remarkable success. Before Social Security, more than 50 percent of older Americans lived in poverty. Today, less than 9 percent of seniors live in poverty. This is the direct result of Social Security.
Unfortunately, despite decades of success, many Republicans continue to threaten the future of Social Security. Republican leaders routinely exaggerate the financial challenges facing the program in an effort to create a false sense of crisis. And many want to delay the retirement age, cut benefits and, ultimately, privatize the program, putting our seniors at the mercy of the stock market.
I have spent my career fending off attacks against Social Security. I understand how critical this vital program is for Nevada’s seniors, and I will continue the fight to ensure it is there to provide our seniors with the retirement security they deserve.
Social Security represents a trust between the government and hardworking Americans who contribute in good faith. We must make sure that this solemn promise is honored for many more decades to come.
For more information and to learn more about my work in the Senate on behalf of Nevadans or to contact me, please visit reid.senate.gov, sign up for my e-newsletter, The Reid Report, or connect with me on Facebook and Twitter.
U.S. Senator for Nevada