This is an interesting piece of information from Betsy's Page:

Here's a historical nugget I'd never seen before. FDR actually thought that Social Security should evolve into a system that sounds suspiciously like private accounts.

In a written statement to Congress in 1935, Roosevelt said that any Social Security plans should include, "Voluntary contributory annuities, by which individual initiative can increase the annual amounts received in old age," adding that government funding, "ought to ultimately be supplanted by self-supporting annuity plans."

Wow. Now we know that both FDR and Bill Clinton supported social security reform.