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Monday, February 07, 2005

FDR Supported Private SS Accounts



"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."

--Franklin Delano Roosevelt


So there you have it, straight from the horse's mouth. It's funny that when Democrats decided to organize a media lovefest the other day in front of the FDR memorial (pictured above), basking in their glory days long past with nothing but rain clouds in their future, a mention of this never came up. I gaurantee you that countless democrats will argue against social security and mention how Bush is going to ruin the great idea FDR put into effect. The reality is, FDR realized that the program would work best if people had the opportunity to privately invest portions of the money they pay into SS. Bush and other GOP members who will be defending the President's new SS reform plan need to make sure to hammer these old FDR quotes home. Don't let the Democrats get away with lying about FDR's intentions.

So please, everyone, do us all a favor, and shove this quote down any liberal's throat who dare disregard history.


 
conservativerebel.blogspot.com: FDR Supported Private SS Accounts <body>

conservativerebel.blogspot.com

Monday, February 07, 2005

FDR Supported Private SS Accounts



"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."

--Franklin Delano Roosevelt


So there you have it, straight from the horse's mouth. It's funny that when Democrats decided to organize a media lovefest the other day in front of the FDR memorial (pictured above), basking in their glory days long past with nothing but rain clouds in their future, a mention of this never came up. I gaurantee you that countless democrats will argue against social security and mention how Bush is going to ruin the great idea FDR put into effect. The reality is, FDR realized that the program would work best if people had the opportunity to privately invest portions of the money they pay into SS. Bush and other GOP members who will be defending the President's new SS reform plan need to make sure to hammer these old FDR quotes home. Don't let the Democrats get away with lying about FDR's intentions.

So please, everyone, do us all a favor, and shove this quote down any liberal's throat who dare disregard history.