Social Security Act of 1935

Social Security Act of 1935

Social Security Act of 1935 established old age insurance for much of the over 60 population. Half of the funds are provided by a payroll tax on workers and half is paid by employers. The act also provided federal unemployment insurance, welfare aid to low-income mothers (later amended to families), funding for individual state assistance to elderly individuals, and various other social insurance provisions.

Cry Wolf Quotes

I fear it may end the progress of a great country and bring its people to the level of the average European. It will furnish delicious food and add great strength to the political demagogue. It will assist in driving worthy and courageous men from public life. It will discourage and defeat the American trait of thrift. It will go a long way toward destroying American initiative and courage.

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Senator Daniel O. Hastings (R-DE) speaks against Social Security in 1935.

Never in the history of the world has any measure been brought in here so insidiously designed so as to prevent business recovery, to enslave workers, and to prevent any possibility of the employers providing work for the people.

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Representative John Taber (R-NY)

American Medical Association [AMA] was strongly opposed to any scheme for group practice and to health insurance ... because they are un-American.

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Dr. Morris Fishbein, editor of The Journal of the American Medical Association, The New York Times.

The lash of the dictator will be felt and 25 million free Americans will for the first time submit themselves to a finger print test.

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Representative Daniel Reed (R-NY)