PolySciFi Blog

Wednesday, February 09, 2005


A little social security fun

This is not my promised "Why I hate social security" post. That'll come later (not tonight).

Rather, I thought I would have a little fun...

Previously Matt had commented, "I also think it would be less disingenuous of Bush if he were at all upfront about his desire to dismantle social security and as many other FDR social plans as possible. I think that would be a tough (read: impossible) sell, but at least it would be honest."

Thanks to oxblog, I was made aware of this quote:
"In the important field of security for our old people, it seems necessary to adopt three principles: First, noncontributory old-age pensions for those who are now too old to build up their own insurance. It is, of course, clear that for perhaps 30 years to come funds will have to be provided by the States and the Federal Government to meet these pensions. Second, compulsory contributory annuities which in time will establish a self-supporting system for those now young and for future generations. Third, voluntary contributory annuities by which individual initiative can increase the annual amounts received in old age. It is proposed that the Federal Government assume one-half of the cost of the old-age pension plan, which ought ultimately to be supplanted by self-supporting annuity plans." [emphasis copied from oxblog]
Sounds like something Bush would say. However, he didn't say it. FDR did.

Bush isn't dismantling FDR's social plans. He's fulfilling FDR's vision. Though almost 30 years after FDR thought the transition would occur.

A pox upon the previous adminstrations for not fulfilling FDR's vision earlier.


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