House Majority Whip James E. Clyburn today joined his Democratic colleagues at a press conference today celebrating the upcoming 75th Anniversary of Social Security. On August 14, 1935 President Franklin D. Roosevelt signed the Social Security Act into law as a structure intended to bring and help retain economic stability in the lives of Americans.
"I think President Roosevelt would be proud to see one of his greatest accomplishments turn 75. However, I think he would be more proud to see the enormous evolution and expansion Social Security has undergone over those 75 years. When he signed the Act into law he called it "a cornerstone in a structure which is being built but is by no means complete.'
"Social Security has become much more than the original cornerstone. Today, it provides 6 in 10 seniors the majority of their income, and in turn, the means to live independently during retirement. It provides 4 million children with benefits, lifting many out of poverty. Finally, it also provides assistance to people with disabilities, and the survivors of deceased bread-winners. In times of uncertainty, Social Security provides stability.
"Democrats are committed to finding a solution that will ensure the long term solvency of Social Security and protect the program for future generations. Thanks to provisions in the Affordable Care Act, Social Security will remain solvent for an additional ten to twenty years. We will continue to fight against Republican plans to privatize and cut Social Security, turning it over to Wall Street bankers. It is our job to continue building what President Roosevelt put in motion 75 years ago, so it remains strong for future generations."