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They said it....
August 04th 12:49:17 PM
Howard Dean last Friday: “"We are Democrats because we have moral values, we think it's a moral value to stop stealing money out of the Social Security trust fund."
John Kerry, Joe Lieberman, Blanche Lincoln and others in 2000: “[a]n ever-growing share of the federal budget today consists of automatic transfers from working Americans to retirees. Moreover, the costs of the big entitlements for the elderly -- Social Security and Medicare -- are growing at rates that will eventually bankrupt them”.
“We can’t just spend our way out of the problem.”
Democrats should “create Retirement Savings Accounts to enable low-income Americans to save for their own retirement.”
The New Progressive Manifesto in 1999: “We must gradually convert Social Security from a transfer program to a new system of individual private savings…”
1998 Joe Lieberman to the Copley News Service: “A remarkable wave of innovative thinking is advancing the concept of privatization… individual control of part of the retirement/Social Security funds has to happen…. We have a chance not only to do something right, but to give people more confidence about what their retirement years will be like…individual control of part of the retirement/Social Security funds has to happen.”
Paul Krugman in 1996: "I like [Richard] Freeman’s idea of providing each individual with a trust fund when young rather than retirement benefits when old, but we had better realize that this is a significant change in the character of the social insurance system … Well, the Ponzi game will soon be over, thanks to changing demographics, so that the typical recipient henceforth will get only about as much as he or she put in (and today’s young may well get less than they put in)"
Former Democratic Senator Bob Kerrey: “liberals are wrong to fear that President Bush’s proposal represents a threat to Social Security…might even argue that accounts be opened at birth.”
The late Democratic Senator Patrick Moynihan: Persona Retirement Accounts would build estates “for doormen, as well as those living in the duplexes above.”
And even Franklin Delano Roosevelt himself said that Social Security should eventually be “supplanted by self-supported annuity plans.”
Posted by Jonathan Swanson
Comments
Stealing money is truly immoral doing; aside from it is against gods eye it is also not in favor to law. Stealing is one of the usual crimes that happening these days, and in accordant to law, whoever steal must be punished.
To find parallels of the problems of todays world, we can turn to the annals of history to find solace in what has transpired before and what people did to overcome similar challenges. For instance is the United States worse off than during the Great Depression? In 1932, America was spiraling into a massive recession, and Franklin Delano Roosevelt was the newly elected President. His New Deal policies restructured the US economy, and expanded the role of government in an unprecedented fashion. The New Deal worked, in the short term, but caused some lasting long term damage. Paul Rubin states in this Wall Street Journal article that the current state of the US economy isnt in the same shape as in 1932, but many of the same things are there: stock market dropping, credit markets are disappearing, and a popular presidential Democratic candidate Barack Obama runs upon a platform that promises to put more governmental regulation on the economy. Obamas presidency, if elected, will possibly be coupled with a 60 seat majority in the Senate, safe from filibustering, putting the nation as close to a purely liberal government as it ever has been. Those who support a free market economy are rightly concerned that the hands on approach promised by the candidate will not deliver the nation from the recession. Those in support of capitalism probably will tell you that were going to get exactly what we got in 1932 a New, New Deal.
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