“I Will Not Promise the Moon”
"The U.S. Congress enacted the Social Security Act, originally called the “Economic Security Bill,” in August of 1935. The Act was aimed at giving older Americans a pension that would provide them with a reasonable standard of living as they aged. The Social Security Act was politically moderate. The agency created to administer these benefits was to be funded by both employees and their employers, as opposed to using funds collected from general tax money. Still, it represented a milestone in moving this country toward a modern welfare state; as a result of this legislation, the United States joined other industrialized nations in offering old-age pensions and unemployment compensation. Several groups offered a spirited resistance to the program. Alf Landon, the Republican candidate for President in 1936, offered strong opposition to Social Security based on its burden on employers and employees as well as the possibility that the money coming into the Treasury would not be put away for later liabilities."