Skip to main content

Aspen Institute Logo

  • Publications »
  • Conference Centers »
  • Press Center »
  • Support Us »
  • Society of Fellows »
  • About the Institute
  • Events
  • Our Policy Work
  • Leadership Programs
  • Seminars
  • Our People
  • Multimedia

Publications

Tools

  • Email this Page
  • Print this Page

Share

Initiative on Financial Security

Social Security: The House that Roosevelt Built

Pamela Perun, Patricia Dilley
July 28, 2011

Critics of the Social Security program are fond of labeling the Social Security trust fund as a fiction, claiming that the program is bankrupt, or disparaging the program’s legal basis as ephemeral and subject to the whims of Congress.  This brief sets the record straight on Social Security.  This paper demonstrates that Social Security is not an income transfer program from the young to the old, the trust is a valid trust and the trust fund is invested as required by law, Social Security’s financial status is strong, and the program is not a major contributor to the long-term federal deficit.  President Franklin Delano Roosevelt intentionally endowed the Social Security program with a strong legal and financial foundation to protect the “legal, moral, and political” integrity of Social Security, ensuring the program can continue to be the financial mainstay for Americans who are older, have disabilities, or are dependent children, as it has for generations.

Download Publication »


The Aspen Idea Winter 2011/2012

  • Find Us On Facebook »
  • Contact »
  • Multimedia »
  • Privacy Policy »
  • Get the Latest Updates »

© 2012 Aspen Institute