Hidden Nook

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Saturday, February 05, 2005

FDR would support SS Reform!

[Media Source*]

(Hat Tip: In The Agora) Bush is not the only President to support Social Security reform. It appears that the founder himself, FDR was also for "personalization" of social security (or "privitization" as the Democrats call it):

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.

If the founder himself supported it, then why don't the Democrats?

Maybe the problem has to be not whether Bush (as well as FDR) are right, but that they want to wait until a Democrat is President? They want to play Partisan politics when our Social Security system is at stake! And you wonder why the bloggers call them "donks." Bush's plan takes after the great founder himself, FDR. Look here:
At this time, I recommend the following types of legislation looking to economic security:

1. Unemployment compensation.

2. Old-age benefits, including compulsory and voluntary annuities. (emphasis mine)

3. Federal aid to dependent children through grants to States for the support of existing mothers' pension systems and for services for the protection and care of homeless, neglected, dependent, and crippled children.

4. Additional Federal aid to State and local public-health agencies and the strengthening of the Federal Public Health Service. I am not at this time recommending the adoption of so-called "health insurance," although groups representing the medical profession are cooperating with the Federal Government in the further study of the subject and definite progress is being made.

Do you see that? Now say after me...Social Security Reform Now!

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By Darnell Clayton • 10:18 PM • Email Post • •


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