Hagan on Anniversary of Social Security Act: Visionary Plan Has Helped Millions of Workers and Their Families

Statement

Hagan on Anniversary of Social Security Act: Visionary Plan Has Helped Millions of Workers and Their Families

State Senator and U.S. Senate Candidate Kay Hagan (D-Guilford) honored the anniversary of President Roosevelt signing of the Social Security Act, passed on this day in 1935. Social Security, often described as the most successful social program ever, provides benefits for millions of retired workers, their dependents, survivors of deceased workers, and disabled workers and their families.

"Social Security has been a vital part of this country for the past 73 years, and will continue to be into the future," Kay said. "President Roosevelt's visionary plan has helped millions of workers and their families realize part of the American dream. While Social Security is currently projected to be able to pay full benefits without any policy changes for 33 years, the next Congress and our new President will have work to continue honoring the promise between the government and Americans who have spent their lives working."

"The $9 trillion George Bush-sponsored and Republican-supported debt is the biggest threat to Social Security," Kay continued. "When I'm in the U.S. Senate I'll work with my colleagues to restore fiscal responsibility so we can increase the solvency of the Social Security system without limiting eligibility, reducing benefits, or privatizing any aspect of it."

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