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(FDR - taking the right-wing brickbats in stride)

From April 28, 1935, his seventh Fireside Chat since taking office in 1933. FDR took the opportunity to lay out his plans for Social Security and Unemployment Insurance. The Social Security plan hadn't been voted on yet and was about to be introduced, along with a flood of relief and New Deal legislation. In 1935 these were new ideas that hadn't flown before.

FDR: “The program for Social Security that is pending before Congress is a necessary part of the future unemployment policy of the government. While our present and projected expenditures for work relief are fully within the reasonable limits of our national credit resources, it is obvious that we cannot continue to create governmental deficits for that purpose, year after year after year. We must begin now to make provision for the future. And that is why our Social Security Program is an important part of the complete picture. It proposes by means of old age pensions to help those who have reached the age of retirement to give up their jobs, and thus give to the younger generation greater opportunities for work. And to give to all, old and young alike, a feeling of security as they look towards old age. The Unemployment Insurance part of the legislation will not only help to guard the individual in future periods of layoff, against dependence upon relief, but it will by sustaining the purchasing power of the nation, cushion the shock of economic distress.”

Then, as now, any sort of social legislation that involving the common good was viewed with skepticism by the right-wing. This one was no different. Charges of Socialism popped up in the media, not to mention to aborted takeover attempt of the government by business and Wall Street interests in 1934.

FDR had his hands full. But he was able to weather the storm and the pundits and create many Programs that are in place today (although, it should be pointed out that a number of programs, including Social Security have withstood attempts at gutting during the Reagan years). Not listening or caving in to special interests or the hysterics proved to be the wise choice in the long run. The interests of the American people were what concerned him.

Something we could use a bit more of, especially today with the Health Care battle raging.

Well, gee. Is this a bug - or a feature? Who could ever have predicted that concentrating all the wealth at the top and exempting them from increased Social Security taxes would lead to a decrease in the Social Security trust fund?

The nation's wealth gap is widening amid an uproar about lofty pay packages in the financial world.

Executives and other highly compensated employees now receive more than one-third of all pay in the U.S., according to a Wall Street Journal analysis of Social Security Administration data -- without counting billions of dollars more in pay that remains off federal radar screens that measure wages and salaries.

Highly paid employees received nearly $2.1 trillion of the $6.4 trillion in total U.S. pay in 2007, the latest figures available. The compensation numbers don't include incentive stock options, unexercised stock options, unvested restricted stock units and certain benefits.

The pay of employees who receive more than the Social Security wage base -- now $106,800 -- increased by 78%, or nearly $1 trillion, over the past decade, exceeding the 61% increase for other workers, according to the analysis. In the five years ending in 2007, earnings for American workers rose 24%, half the 48% gain for the top-paid. The result: The top-paid represent 33% of the total, up from 28% in 2002.

The growing portion of pay that exceeds the maximum amount subject to payroll taxes has contributed to the weakening of the Social Security trust fund. In May, the government said the Social Security fund would be exhausted in 2037, four years earlier than was predicted in 2008.