Posted on 02/05/2005 2:59:47 PM PST by Republican Wildcat
"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 thirty 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."
Why doubt its accuracy, when their idiocy is so plain?
FDR had the right idea, and Bush would be well advised to hammer this point home, his plan for soc. sec. is not so much reform as it is a full realization of the original plan.
Wow -- interesting find.
That's exactly what the President and the GOP should do - this quote must be used to show that the Democrats are standing in the way of the realization of Roosevelt's vision for Social Security.
My husband told me just last night that FDR foresaw social security being completely privatized by the turn of the century and that JFK wanted to speed up the process, but was assasinated before he could put his plans into action.
Franklin Delano Roosevelt first suggested
private Social Security Accounts?Excerpt:"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 thirty 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."
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Fantastic find! Is there some reason the quote shouldn't be accurate?
If the dems had watched the cspan interview of "W" they would know that he was a history major with intensive work on FDR.....Who's stupid? ;^)
What Bush is proposing is to fix the major failing in Social Security, by ensuring that everyone gets to own the money they contribute. This is most important for middle class blacks (who the 'Rats claim to care so much about), the black male has a much lower life expectancy than white men. A average black male can work his entire life, contribute hundreds of thousands of dollars (plus his employer's matching contributions) and retire at 65, but he is only going to live a few more years and his family will only get a few hundred dollars. Bush plans to change all of that, plus insure that the post-baby boomers have the chance to retire in comfort.
That is a fallacy.
FDR nearly wiped out social spending in WW II. Truman and Eisenhower took social spending to a very low level as did JFK.
It was LBJ who was the architect of liberalism.
This crap that FDR is the father of liberalism is plain baseless. His program did not envision having 1000s of programs added on to it. Blame LBJ for American Marxism, not FDR. He is the one who warped Social Security into the monster it is today. LBJ is the one who initiated hundreds of social welfare programs.
As a % of total spending, FDR had social welfare down to 2%--REPEAT, just 2% of total spending in WW II. You know what it is today? 65% of total spending.
Anybody who blames FDR for American Marxism lacks facts.
I found a life expectancy table, which shows, that the life expectance in 1939-41 was 62.81 years! So it was easy to support the very few people, who lived beyond age 65.
From the same table, life expectancy in 2001 is 75, and in other places I have seen the early 80-s.
Bush is right, a system designed some 60 years ago needs to be updated to reflect today's realities.
Link to the table:
http://www.infoplease.com/ipa/A0005140.html
I meant "founder" in the sense that it was FDR who got the federal government into the "entitlement" business; but you are absolutely right, it was LBJ's "Great Society" agenda that created the Marxist fiasco we are burdened with today.
When Our Old Age Pension Check Comes To Our Door
by Roy Acuff or Manny Stone
When our old age pension check comes to our door,
We won't have to dread the poor house anymore.
Though we're old and thin and gray,
Good times will be back to stay,
When our old age pension check comes to our door.
When her old age pension check comes to her door,
Dear old grandma won't be lonesome any more.
She'll be waiting at the gate,
Every night she'll have a date,
When her old age pension check comes to her door.
Grow a flowing long white beard and use a cane,
'Cause you're in your second childhood, don't complain.
Life will just begin at sixty,
We'll all feel very frisky,
When our old age pension check comes to our door.
Powder and paint will be abolished on that day,
And hoop skirts will then be brought back into play.
Painted cheeks will be the rage,
And old maids will tell their age,
When their old age pension check comes to their door.
All the drug stores will go bankrupt on that day,
For cosmetics, they will all be put away.
I'll put a flapper on the shelf,
Get a grandma for myself,
When her old age pension check comes to her door.
There's a man that turned this country upside-down
With his old age pension rumor going 'round.
If you want in on the fun,
Send your dime to Washington,
And that old age pension man will be around.
You would be surprised--I'd say 95% of conservatives believe FDR was the "Father of Liberalism". He certainly was not. He proposed and initiated some social programs, but he did not spend 65% of the budget on them like we are today.
LBJ is the TRUE father of Marxism.
Richard Nixon, George Herbert Walker Bush and George Bush have been the biggest increasers of Marxism since LBJ. Only Ronald Reagan reversed course since LBJ.
This version doesn't have a phrase I am rather fond of from another version:
There'll be liver for the cat
Now she's lean, but she'll be fat
When our old age pension check comes to our door
Does the name Alger Hiss ring a bell?
I would say that statement is a wee bit of an exaggeration.
Over the past twenty or so years, America has seen the incredible benefit of 401(k) plans. What Bush is proposing is very similar to this. It is not some economists "model" of what might work, it is an expansion of a proven and trusted program.
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