Quote:
Originally posted by bilmore
Ty: "Hume said X."
Bilmore: Actually, Hume said "Y". Here's a quote:"
Hume. "Y."
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He still said X, and I, for one, appreciate that you are no longer trying to defend the part of his statement that I was posting about. So stop digging.
Quote:
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You put me on ignore and missed all those posts, didn't you?
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I didn't put you on ignore, but I suppose it's possible that you posted something I missed. I said
this. To which you responded
thusly. To which I posted
this, including the specific sentence of Hume's which misrepresents FDR:
- In a written statement to Congress in 1935, Roosevelt said that any Social Security plans should include, "Voluntary contributory annuities, by which individual initiative can increase the annual amounts received in old age," adding that government funding, "ought to ultimately be supplanted by self-supporting annuity plans."
A ha. Yes, you posted
this, which I missed until now (probably because one minute later I
responded to something club said). You said:
Quote:
Originally posted by bilmore
Are you reading Hume to be claiming that FDR wanted qualified accounts to completely supplant SS? If you are, then I would agree with you that Hume would be wrong.
But I don't read him that way. What I took from his comments was that FDR liked the idea of the additional, investment-driven private accounts being a part of the mix. FDR thought they should eventually be an important component to the whole scheme. I took that as a measure of FDR's prescience - he contemplated qualified accounts way back then.
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I think you are misreading Hume, plain and simple. I agree with your second paragraph. It's been said many times that "Social Security benefits were said to be one leg of a three-legged stool consisting of Social Security, private pensions and savings and investment. The metaphor was intended to convey the idea that all three approaches were needed to provide stable income security in retirement." This idea is often attributed,
incorrectly, as it turns out, to FDR, but it is true that these ideas were shared by FDR and others present at the creation. SSA says: "Although President Roosevelt apparently never used the "three-legged stool" metaphor, he clearly had this concept in mind when he created the Social Security program, and he expressed the idea, in other words, several times over the years."
But that's not what Hume said in the sentence to which I objected. Am I reading Hume to be claiming that FDR wanted qualified accounts to completely supplant SS? Yes. Because Hume attributed to FDR the notion that "government funding ought to ultimately be supplanted by self-supporting annuity plans."
Not supplemented. Supplanted. I.e., replaced.
Note that a little while later that night on FOX, William Bennett said, "Franklin Delano Roosevelt, the guy who established Social Security, said that it would be good to have it replaced by private investment over time. Private investment would be the way to really carry this thing through."
But we already know that Bennett's a hack.
And the fact that
Hume said something else also does not change that this is wrong.
