Reports & Studies
This is an archival or historical document and may not reflect current policies or procedures.
1965 Advisory Council
Advisory Council on Social Security
The Council believes that the adoption of the recommendations made
in this report will increase markedly the effectiveness of social
insurance as a method for providing security to the American family
when income is cut off in old age or by total disability or death.
Moreover, adoption of these recommendations will make sure that
the existing social security program will continue on a financially
sound basis and that the proposed extension of the social insurance
principle to cover hospital insurance for the aged and the permanently
and totally disabled will be soundly financed.
The Council has no doubt that the changes herein recommended will
be the final step in the development of the American social security
program. In the opinion of the Council, the proposed changes would
do no more than make improvements that are clearly indicated by
experience with the social security program up to the present time.
Consequently, the Council urges that every 5 years or so Advisory
Councils be formed to review the substantive provisions of the program
as well as its financing.
The Council believes that social insurance is an institution that
is basic and vital to the economic security of almost every American
family, and that because of its great importance it must be constantly
re-examined and brought up to date. The fulfillment of the promise
of social security for the American worker and his family which
was implicit in the original Social Security Act will depend on
continuing wisdom and alertness to make sure that our use of the
social insurance mechanism to combat insecurity among our people
is adapted to changing needs and conditions inherent in our dynamic