Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : The Trump Presidency -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (5654)	1/11/2017 12:12:09 AM
From: Cautious_Optimist	Read Replies (1) \| Respond to of 367482

Reagan's true feelings about Social Security: Wanted to privatize retirement, but never had opportunity Social Security was always more tar baby than Teflon for Reagan. He told me when he was governor of California that Barry Goldwater’s campaign had demonstrated that Republicans could not safely discuss the issue, but Reagan could not stop talking about it. I have no doubt that he shared the view that Social Security was a Ponzi scheme. He was intrigued with the idea of a voluntary plan that would have allowed workers to make their own investments. This idea would have undermined the system by depriving Social Security of the contributions of millions of the nation’s highest-paid workers. In 1976 he said that Social Security “could have made a provision for those who could do better on their own” and suggested that such recipients be allowed to leave the program upon showing that “they had made provisions for their non-earning years.” This declaration sent shudders through the ranks of Reagan’s political advisers, who knew his true feelings about Social Security.“ Source: The Role of a Lifetime, by Lou Cannon, p. 243 , Jul 2, 1991 Suggested in 1975 to make social security voluntary In 1975, Reagan suggested ways to make social security voluntary. The demography of Florida made that as dangerous a position as Reagan could adopt on domestic matters. [Based on that issue], Ford beat Reagan [in the Florida primary in 1976] with 53% of the general vote, but with a crushing 60% of voters over sixty-five. Source: Reagan’s America, by Garry Wills, p. 329 , Jul 2, 1987