On Tuesday, August 14, Social Security celebrates its 77th birthday. This week, retirees across the country celebrate the program that they can rely on for modest benefits when they need them most. Before Social Security, seniors worked until the day they died, because they could never afford to retire. The program is more important than ever with the decline of defined-benefit pensions, the plummeting value of 401k plans, and scanty savings.
How ironic that just as seniors celebrate Social Security’s birthday, Mitt Romney has named in Paul Ryan a running mate who wants to decimate the program.