RE: Opening statement--investment in stocks, bonds etc

[James <jamesk_51@hotmail.com>]

>From: Javier Jimenez 

>>>> "Mr. Chairman, let me conclude with a warning about the damaging moral effects of unfunded social security and other entitlement programs issued at the dawn of the New Deal:...." 


>>>>Oh, I'm not confused at all.  Of course those words from FDR had nothing to do with SS, at the time; however, they perfectly describe that the current SS is serving the very function that FDR complained about even before SS came to be.

Not at all.  You completely mis-state the context.  He was advocating a public works jobs program.  Somebody doctored the quote to indicate that it related to unfunded SS and other entitlements.  That was not what he was talking about at all.


>>>>"Contributions" as FDR thought would legitimize his SS program because worker would be entitled to their benefits and no opposition leader could argue that it was welfare.....and, anyone who is getting a break at the expense of others, is being administered the very narcotic that FDR warned about." 

So was FDR saying people were entitled to public works jobs?  Of course not.  He was saying the national spirit would improve if people worked in exchange for their income.  He was not implying that people shouldn't get a break.  Just the opposite.