WASHINGTON –On the 75th anniversary of Social Security being signed into law, President Obama promised that he would protect it from the Republican leaders in Congress who have made privatization a key part of their agenda. Despite the financial crisis, they still believe that gambling Social Security on Wall Street is a good idea. This President will not let that happen. For several generations, Social Security has been a promise to America’s seniors –that they will have the chance to retire with dignity – and he will safeguard that promise.
Prepared Remarks of President
Saturday, August 14th, 2010
Seventy-five years ago today, in the midst of the Great Depression, Franklin Roosevelt signed Social Security into law, laying a cornerstone in the foundation of America’s middle class, and assuring generations of America’s seniors that after a lifetime of hard work, they’d have a chance to retire with dignity.We have an obligation to keep that promise; to safeguard Social Security for our seniors, people with disabilities, and all Americans – today, tomorrow, and forever.