Quote:
Originally posted by Tyrone Slothrop
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."
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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"?
(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.)
