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Politics : A US National Health Care System?
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To: Alighieri who wrote (16968)4/18/2010 10:57:16 AM
From: i-node  Read Replies (1) of 42652
 
When the gvt established medicare or SS the presumption was that they would be funded such that there'd be no unfunded debt (liability in this case, since there is no debt just yet).

There is very little doubt that FDR, looking at SS today, would have considered it to be a failure. It doesn't meet the basic standards of fiscal responsibility FDR himself had set out. The same is true of the unemployment compensation program.

FDR spent a lot of money, some of it very wrongheadedly. But he never envisioned his programs devolving into fiscally irresponsible plans such as these and he clearly believed that such programs would and should be considered failures.
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