[MeekOneGOP]

Franklin Delano Roosevelt first suggested
private Social Security Accounts?

Excerpt:

"In the important field of security for our old people, it seems necessary to adopt three principles--first, noncontributory old-age pensions for those who are now too old to build up their own insurance; it is, of course, clear that for perhaps thirty years to come funds will have to be provided by the states and the federal government to meet these pensions. Second, compulsory contributory annuities, which in time will establish a self-supporting system for those now young and for future generations. Third, voluntary contributory annuities by which individual initiative can increase the annual amounts received in old age. It is proposed that the federal government assume one-half of the cost of the old-age pension plan, which ought ultimately to be supplanted by self-supporting annuity plans."

Please let me know if you want ON or OFF my General Interest ping list!. . .don't be shy.

[hoosiermama]

If the dems had watched the cspan interview of "W" they would know that he was a history major with intensive work on FDR.....Who's stupid? ;^)

[Fiddlstix]

Thanks for the Ping J

Bookmarked

[Lady Jag]

In the documentary, "Dawn of the Dead", they discussed the hind brain and I plan to perform further research on the theory that it can be trained and managed. If this is possible, we may be able to build a more viable Democrat Party.

[TheDotte]

I don't want to be a wet blanket here and I really wish the way the FDR quotes are presented were accurate. It isn't. This is a misread. FDR envisioned the voluntary private annuity program as yet another government run system.

Further, he envisioned Social Security as being self-supporting by 1965--that is the SS taxes collected would be sufficient to cover the annuities paid. (SS payments in the early years had to come from general revenues.)

http://www.ssa.gov/history/voluntaryannuities.html

Man! I hate debunking something I wish were true for my first post here.

[expatpat]

The part in bold type could easily be interpreted as a suggestion for 401k's, I think.

[GOPJ]

Thanks for the ping.

[Alamo-Girl]

Thanks for the ping!

[RottiBiz]

Thanks for the ping, Meek.

Excellent article, Wildcat! Thanks.

Brit quoted a small portion of FDR's proposal on "The Grapevine" a few days ago and it was interesting to read it in its entirety.

[GOPJ]

Thanks for the ping.