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Out of context: Reply #17295
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The welfare state is destroying America
http://campaign2012.washingtonex…President Franklin D. Roosevelt signed the Social Security Act into law on Aug. 14, 1935, laying what he described as a "cornerstone" of the modern welfare state.
At the time, Roosevelt claimed that the sweeping program would, "act as a protection to future administrations against the necessity of going deeply into debt to furnish relief to the needy."
He was right about the "cornerstone" part, as both parties built on the program in the decades that followed. In 1965, President Lyndon Johnson brought us Medicare and Medicaid.
In 2003, President George W. Bush and a Republican Congress added prescription drug coverage for seniors. And just last year, President Obama pushed a national health care law through Congress.
But Roosevelt was dead wrong that the program would help the nation avoid deep debt. Social Security and the entitlement programs that followed its legacy of seeking to protect citizens from the "hazards and vicissitudes of life," turned out to be fiscal disasters.