Social Security was introduced by Franklin Roosevelt. His plan was:
1 - No longer voluntary
The Social Security Administration provides this information about the Social Security Trust Fund.
Some say Social Security is a Ponzi Scheme. Maybe this will help explain why.
Since many of us have paid into FICA for years and are now receiving a Social Security check every month, and are now being taxed on it; you may be interested in the following:
A: It was Lyndon Johnson and the democratically controlled House and Senate.
A: The Democratic Party.
A: The Democratic Party, with Al Gore casting the 'tie-breaking' deciding vote as President of the Senate, while he was Vice President of the US.
A: Jimmy Carter and the Democratic Party. Immigrants moved into this country, and at age 65, began to receive Social Security payments! The Democratic Party gave these payments to them, even though they never paid a dime into it! And they get other Social Security benefits as well.
OK, so do you want to protect the Social Security Program? Here is a way.
A government big enough to give you everything you want, is strong enough to take everything you have. -Thomas Jefferson.
Social Security is a huge Ponzi Scheme. There is much more about the Social Security program on the National Debt Awareness Campaign web site.