James Roosevelt — American Politician born on December 23, 1907, died on August 13, 1991

James Roosevelt II was an American Congressman, an official Secretary to the President, a Democratic Party activist, and businessman. He received the Navy Cross for extraordinary heroism while serving as a Marine Corps officer during World War II. Roosevelt was the oldest son of U.S. President Franklin D. Roosevelt and Eleanor Roosevelt... (wikipedia)

Its success lies in the fact that it's an insurance plan, not an investment plan or a welfare plan.
It is really quite amazing that all of the folks supporting privatization, from the president on down, keep invoking the name of my grandfather, Franklin Delano Roosevelt.
It has to have a payroll tax that's dedicated to Social Security. The Social Security tax has been very successful over the years in raising almost all of our elderly citizens out of poverty.
Social Security should have a self-sustaining portion that was funded by contributions from both employers and employees. That's what we know and have known for 70 successful years.
Small changes done now would preserve Social Security at full benefit.