The way to fix the problem is to invest in the stock market, says Clinton. Conversely, Greenspan would like to see an investment in bonds. The reality is that these questions and proposals need to be sorted out soon if there is to be any Social Security funds remaining after the 'baby boomers" retire. .

             The History of Social Security.

             Social Security was a bill passed in 1935 by President Roosevelt with welfare as its primary purpose. The general population did not have much belief in the government at the time, but things were going to change dramatically. The first sight of an actual "Social Security Check" did not come until about 1940 and they were not something to write home about. Some of these checks were as low as twelve dollars. Regardless, this was a sign of hope and prosperity to come in the future as most the elderly population was living in poverty. Then World War II came and went and the nation began believing the their government. By 1980, a male receiving Social Security was getting 3.7 times as much as they put in, along with a 2 percent interest rate. Females were doing even better as they were given 4.4 times as much as they put into Social Security.

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             The Philosophy of Social Security.

             Social Security is a social insurance program, not just simply for the retired and elderly, but for the disabled and their wife, and children, and for the widows of working people who died young. These exceptions make up more than one out of three persons who collect Social Security checks. Therefore, Social Security is also a life insurance policy, along with being a reassurance of stability at an old age. Social Security is a pay-as-you-go system meaning that while working you are paying for the people collecting benefits, and when you begin to collect, the money will come from your children and grandchildren. .

             The Facts of Social Security.