| Tyrone Slothrop |
02-17-2005 03:24 PM |
Brit Hume, deceptive hack
Quote:
Originally posted by Secret_Agent_Man
Now, Hume may have been spinning a bit, but that last paragraph (in bold) sure looks as though it says that the old-age pension plan (and by extension government funding for it) ought to be replaced by self-supporting annuity plans -- exactly as Hume said.
|
You're simply not reading the original carefully. The "self-supporting annuity plans" referred to there are what we now call Social Security. If you go back FDR's statement, you will see that his (2) and (3) both involve "annuities." On this point, take a look at the SSA's site, cited by Drum:
- When President Roosevelt submitted his legislative package to Congress on January 17, 1935, the Administration's proposals contained three provisions designed to provide retirement security for older Americans:
1. A System of Old Age Pensions- These were state-run welfare programs for the elderly. The Administration's proposal was for block grants to the states to help them fund their existing or any new old-age pension programs. Many states already had such programs in existence and there was considerable interest in securing federal assistance with these programs. In the terminology of the period, old-age "pensions" meant welfare benefits.
2. A System of Mandatory Old Age Annuities- This was the old-age insurance system that we now call Social Security (the term "Social Security" was not applied to the Administration's program until mid-way through the Congressional hearings). In the terminology of the time, this was referred to as "mandatory old-age annuities."
3. A System of Voluntary Old Age Annuities- The Administration also proposed a program of voluntary old-age annuities. These were to be insurance-type annuities, issued by the government, to supplement the benefits contemplated under the mandatory part of the program, or to provide a basic annuity to workers not covered under the mandatory program.
The point FDR was making had to do with an aspect of Social Security that's no longer with us today -- oldsters retiring back then were going to get benefits even though they hadn't paid into the system. This is FDR's (1) -- the pension plan. Over time, as retirees increasingly came from the ranks of the people who got the government-funded benefit, (2) would supplant (1).
In the parlance of the day, both (2) and (3) were "annuities". By inserting the words "government funded," Hume changed the meaning of the original, to imply that (3) was replacing (2) and (1). Those words do not make sense coming from FDR's statement, and the act of inserting them changed the meaning of the original.
Quote:
Also, Bilmore is correct that Drum did say, with no visible support or relevance except to grind his own political axe, that FDR didn't really care about his third point anyway -- voluntary contribution annuities.
|
Drum said, "#3, which FDR didn't care much about in the first place, never even got enacted in the final bill that created Social Security." Bilmore is incorrect, and you haven't bothered to check Drum's sources. If you go back the SSA site, cited by Drum and linked above, you will see that the last several paragraphs describe how the voluntary annuities were omitted from the legislation. It concludes, "There is little indication that the Administration considered this provision a priority and no record of any extensive efforts on the part of the Administration to save it." Drum's statement is a fair characterization of this.
Quote:
Don't drink the Kool-Aid every time they bring the pitcher around.
|
Who's drinking the Kool-Aid? I actually bothered to read about what FDR said, unlike you and bilmore. What's your excuse?
|