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

[Javier Jimenez <jimenj@yahoo.com>]

>>>>>> James wrote:
>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.

<<<<<<<
Hey, perhaps you need it spelled out.  I was just drawing a parallel
between FDRs words (which were obviously not related to SS because
at the time the words were said SS had not started, so it couldn't
be administering the narcotic) and the situation with SS in general
today.  I'm not relating any problem/solution to SS, just pointing
out that those words apply to today's situation.  By the way, people
working for their income; what a concept? where do I sign up? In
China?  Like my daughter says, I couldn't help it!