| Tyrone Slothrop |
02-17-2005 05:48 PM |
Brit Hume, deceptive hack
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Originally posted by bilmore
I guess that's where you lose me. Self-supporting annuity plans DID completely supplant the government-funded model which was needed for the initial period of payouts. That's what we have now. The government no longer makes the outright grants into the system. But FDR DID also say he wanted the third leg. Where's the relation between your claim that Hume says "replace everything with private accounts", and Hume actually saying "FDR wants private accounts to be a part of the system"?
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When FDR used the phrase, "self-supporting annuity plans," he was referring to government funding -- per that SSA site, what we now call Social Security. Go back again to the three things listed in Roosevelt's statement -- both (2) and (3) are "annuities," but (2) is a government-funded annuity, and (3) is like a private account.
Hume didn't just say, as you would have it, "FDR wants private accounts to be a part of the system." That is true. But he then attributed to FDR the notion that "government funding ought to ultimately be supplanted by self-supporting annuity plans." Not supplemented, but replaced. This is not what FDR said.
Quote:
(ETA - he didn't asy "third leg". I mean, he wanted private investment above and beyond SS involuntary contributions to be a part of our retirement funding system.)
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We agree on this, and if this had been all Hume said, no one would care. But the point of what Bush wants to do is to supplant Social Security with private accounts by steering money from the former to the latter. And the point of Hume's second paragraph was to fool the unsuspecting into thinking that Roosevelt had envisioned this, too. It just isn't true. "Supplant" does not mean "above and beyond." It means "instead." That is the difference between where Democrats are and where Bush is.
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