The real basic problem is that social security was never designed to be a comprehensive retirement system. Introduced in the early days of the Roosevelt administration. it was designed as an insurance program with mandatory premiums which would maintain actuarial integrity and would provide minimum subsistence. The system was really designed to help rural migrants to urban areas who had no means of providing for their own retirement and who constituted a potential heavy burden on society. Over the years we have allowed. at least in our own thinking. the social security system to become a comprehensive retirement program. The outlook for the social security system has darkened drastically in the past few months as the economy has floundered.
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migrants