Chairman Johnson and Other Distinguished Members of the Ways and Means Subcommittee on Social Security,
It is an honor to testify to you today about Social Security. I view Social Security as a fantastic, yet catastrophic success. The system has been a lifeline for generations of Americans who would otherwise have spent their retirements in abject poverty. And it has provided essential disability insurance, survivor insurance, divorce insurance, spousal dependency, child dependency, and parent dependency insurance.