On this day, August 14, 1935, FDR signs the Social Security Act. However, the Employee Retirement Income Security Act of 1974 (ERISA) does not cover Retirement Insurance Benefit Plans sponsored by government entities such as the Social Security Administration (SSA). This glaring omission of Social Security Retirement Insurance Benefit Plan from the protection offered by ERISA transformed SSA into “SLAVE DRIVER.” SSA uses this absence of oversight with great impunity to violate the principles of Equal Protection guaranteed by the US Constitutional Law.
President Bill Clinton on August 22, 1996, sabotaged the Social Security Act of 1935 to introduce his ‘A New Beginning’. His Welfare Reform Act of 1996 marks The New Beginning of Slavery in the United States.
On this day in 1935, President Franklin D. Roosevelt signs into law the Social Security Act. Press photographers snapped pictures as FDR, flanked by ranking members of Congress, signed into law the historic act, which guaranteed an income for the unemployed and retirees. FDR commended Congress for what he considered to be a “patriotic” act.
Roosevelt had taken the helm of the country in 1932 in the midst of the Great Depression, the nation’s worst economic crisis. The Social Security Act (SSA) was in keeping with his other “New Deal” programs, including the establishment of the Works Progress Administration and the Civilian Conservation Corps, which attempted to hoist America out of the Great Depression by putting Americans back to work.
In his public statement that day, FDR expressed concern for “young people [who] have come to wonder what would be their lot when they came to old age” as well as those who had employment but no job security. Although he acknowledged that “we can never insure one hundred percent of the population against one hundred percent of the hazards and vicissitudes of life,” he hoped the act would prevent senior citizens from ending up impoverished.
Although it was initially created to combat unemployment, Social Security now functions primarily as a safety net for retirees and the disabled and provides death benefits to taxpayer dependents. The Social Security system has remained relatively unchanged since 1935.