Aug 20, 2007

Bismark And Social Security Backlogs

KFVR-TV, located in a city named after the German Chancellor, is running a story on current Social Security backlogs. If this story has reached Bismark, North Dakota, it is truly a national story.

I cannot help recalling a little history. The true father of Social Security is not Franklin Roosevelt but Otto von Bismark. (Take a look at some history about Bismark and Social Security.) By the time Social Security reached the United States, Social Security had already been in effect in Germany for 46 years.

Conservatives who predict that Social Security will soon run out of money may consider why Bismark, no liberal, is the true father of Social Security and how Social Security has managed to last 118 years in Germany despite German losses in two World Wars, an incredible episode of hyperinflation between the two World Wars, the Cold War and the eventual reunification of Germany.

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