http://yglesias.thinkprogress.org Just another WordPress weblog Thu, 26 Nov 2009 23:15:34 +0000 http://wordpress.org/?v=2.8.5 en hourly 1 http://yglesias.thinkprogress.org/archives/2008/08/happy_birthday_social_security.php http://yglesias.thinkprogress.org/archives/2008/08/happy_birthday_social_security.php#comments Thu, 14 Aug 2008 11:05:04 +0000 myglesias http://yglesias.thinkprogress.org/archives/2008/08/happy_birthday_social_security.php It was 73 years ago today that President Franklin Roosevelt signed the legislation establishing the Social Security program. For each and every one of those 73 years, Social Security has been a pay-as-you-go public pension scheme in which the current generation of workers’ taxes go to pay benefits to present retirees and, in exchange, future generations of workers will pay for current workers when they retire. It’s been effective at meetings its goals and broadly popular:

Or, as John McCain would have it, the whole thing is a complete disgrace.

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