Saturday, April 16, 2005

Where did the idea of phasing out Social Security come from?

From The Despoiling of America this is what Pat Robertson stated on August 14, 1985 about phasing out Social Security:

1. "We should say to all the elderly, "You're going to be taken care of. The government’s going to pay you. Don’t worry about it. [You'll] get your Social Security like you’re expecting, 'cause you're counting on it."

2. "There should be a gradual moving [up] of [the retirement] age to reflect the fact that we're healthier and we live longer and people should have dignity and be allowed to work a little bit longer."

3. "The last thing we should do is to begin to let the younger workers slowly but surely go into private programs where the money is tax sheltered and over the years build up their own money and that would in turn, through the intermediary organizations, banks, insurance companies, would invest in American industry. They would buy plants and equipment, put people to work and it would help a tremendous boom. Imagine - $100 billion dollars a year flowing into American industry. It would be marvelous."

Funny thing about this. It is the plan G. W. Bush has been pushing since the beginning of 2005. Don't forget, Bush himself has admitted that private accounts do not solve the problem he claims Social Security has. This is payoff to the Social Conservatives who think they elected him.


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