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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: Maple MAGA who wrote (763774)	6/11/2022 12:10:07 PM
From: i-node	1 Recommendation Recommended By Maple MAGA Respond to of 793807

>> “We may consider each generation as a distinct nation, with a right, by the will of its majority, to bind themselves, but none to bind the succeeding generation, more than the inhabitants of another country.” It really fell apart during negotiations for the New Deal. The people striking the deals for SS and other programs knew damned well what they were doing. Following are excepts from "FDR's Folly: How Roosevelt and His New Deal Prolonged the Great Depression" Jim Powell, Amazon Link: tinyurl.com ) . By necessity they are page cut/paste but I think they really tell the story. There were no secrets here. These people knew precisely what was going on and where it would land us. MR. WILLIAMSON, above, is W. R. Williamson, an actuary with Travelers Insurance Company. He testified that the proposed Social Security system would incur deficts: "The amounts called for are not enough to avoid some subsidy most of the time." He warned that the deficits would go up at a "steadily increasing rate because the proportion of elderly people that claim benefits steadily goes up .. the strain upon the plan is steadily increasing".