2005-02-04

Security!

Anybody out there opposed to Bush's plan for reforming Social Security should read this before forming their opinion. Of particular note is the quotation from none other than FDR himself, which includes this:

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 added]


It is clear, and has been for some time, that FDR never intended Social Security to be a sole source of income for anyone, but an additional source of income. It is also now clear that FDR also intended it to be temporary.

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