That's free enterprise, friends: freedom to gamble, freedom to lose. And the great thing - the truly democratic thing about it - is that you don't even have to be a player to lose. ↗
The Roosevelt enactment of Social Security was a moral revolution in our country: We were assured that we would never reach the very depths of poverty. And to be told, that we are now going to gamble it, on Wall Street, is nonsense! ↗
From the employees' standpoint, in 1935, Social Security was a big gamble. Employees would be required to participate in the program, contributing a percentage of their income for their entire adult working life. ↗