
Graham B. answered 03/06/23
Assistant Professor of Economics
Roosevelt initially advocated for a security system based on the idea of a government-administered social insurance program. This program was based on earlier arrangements such as workers' compensation and public pensions.
Roosevelt sought to remedy the problem of poverty among the elderly and those who were unable to work due to disability or unemployment. He believed that a social insurance program would provide a safety net for these vulnerable populations and help prevent future economic depressions.
However, this idea suffered from several problems. One of the main concerns was the cost of the program, which would require significant funding from taxpayers. Another concern was the potential for fraud and abuse within the system, as well as the possibility of creating a culture of dependency among recipients.
Despite these challenges, Roosevelt's advocacy for a social insurance program ultimately led to the creation of Social Security, which remains an important component of the American welfare state to this day.