- As FDR recalled in 1941, “We put those payroll contributions there so as to give the contributors a legal, moral and political right to collect their pensions…With those taxes in there, no damn politician can ever scrap my social security program.”Social security was to be an insurance fund. People paid in during their working years and received payouts when they stopped working. The money was theirs, by contractual right. They didn’t have to beg Congress for it.Quote from here: http://www.ilsr.org/obama-vs-fdr-social-security/The Mental Pygmies who have attacked it
Boston's New Labor Blog filled with economic royalists and serfs. A guide to complete sub-minimum wage employment in the new economy. Please support the blog by shopping for products on the right hand column.
Monday, August 13, 2012
The genius of FDR: Social Security is not an entitlement
Labels:
Social Security
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment